Paramount Skydance Posts $73 Million Q3 Profit, Plans Streaming Bundle for 2027

Paramount Skydance reported a profit of $73 million in the third quarter, or 6 cents per share, after closing its $110 billion merger with Warner Bros. Discovery.

Revenue climbed 5 percent to $7 billion, though Wall Street analysts had expected $7.04 billion and earnings of 20 cents per share.

“Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value.”

The direct-to-consumer business posted a profit of $225 million as revenue grew 11 percent to $2.5 billion. Paramount+ revenue rose 21 percent to $2.13 billion after adding 600,000 subscribers, bringing the service to 82.2 million subscribers.

Combined HBO, HBO Max, and Paramount+ subscribers reached 203 million worldwide, excluding Discovery+ and other Warner Bros. Discovery streaming services.

The studios division earned $129 million on revenue growth of 23 percent to $1.5 billion, helped by secondary market licensing and third-party content. Theatrical releases included David Ayer’s “Heart of the Beast” starring Brad Pitt and “PAW Patrol: The Dino Movie.”

Skydance announced that an HBO Max and Paramount+ bundle will launch in early 2027, with the two services merged onto the same backend within the first year after the merger closes.

The company also said it is scaling back projects and roles at Paramount Games Studio following sweeping layoffs in its gaming division.