Skydance stock weighs streaming gains against Warner Bros. setback

Published on 11/10/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Skydance stock weighs faster Paramount+ growth against a weaker Warner Bros. film slate. Management also outlined a planned streaming bundle.

Key developments after the merger

Paramount+ revenue rose 21 percent year over year, while studio revenue increased 23 percent.
Management expects the Warner Bros. film slate to underperform in the fourth quarter.
A combined Paramount+ and HBO Max offering is planned for early 2027.

Paramount Skydance, US69932A2042, Illustration mit AI erstellt.

Skydance's first quarterly report after completing its Warner Bros. Discovery acquisition on October 6 showed stronger streaming and studio operations, but also highlighted a near-term film setback. Variety reported the results on November 9, covering the quarter ended September 30, before the acquisition closed.

Streaming and studios lead growth

Revenue reached 7.03 billion US dollars, up 5 percent from the year-earlier quarter. Net income was 73 million US dollars, while adjusted earnings came to 45 cents per share. Direct-to-consumer revenue rose 11 percent to 2.5 billion US dollars, supported by 21 percent growth at Paramount+. Studio revenue increased 23 percent to 1.5 billion US dollars, while traditional television revenue fell 7 percent to 3 billion US dollars, according to Variety.

Warner Bros. adds near-term risk

Management said the Warner Bros. film slate is expected to underperform in the fourth quarter, while Paramount Pictures continues to perform well. The warning puts greater focus on execution as Skydance integrates the two media groups and seeks at least 6 billion US dollars in annualized run-rate synergies within three years.

Skydance also outlined plans for a combined Paramount+ and HBO Max offering in early 2027. The company said it will stop reporting streaming subscribers quarterly after its fourth-quarter report, following a broader industry shift toward other streaming performance measures.