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flag Paramount Skydance posted a quarterly loss but beat revenue expectations, surged 10.85%, and raised 2024 outlook.

flag Paramount Skydance (PSKY) reported mixed results in its first quarter post-merger, with strong streaming growth and a 10.85% stock surge amid higher-than-expected fourth-quarter revenue guidance. flag The company posted a $0.12 loss per share and $6.70 billion in revenue, below estimates, but raised its Q4 sales forecast to $8.1–8.3 billion. flag It added 1.4 million streaming subscribers, bringing total global subscribers to 79.1 million, and projected $30 billion in full-year 2026 revenue. flag Despite analyst caution over long-term turnaround challenges, leadership emphasized strategic flexibility, content investment, and integration progress.

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