Skydance reports Q3 2026 results and outlines $6 billion synergy plan
Skydance Corporation released its third‑quarter 2026 financials for the standalone Paramount business on November 9, reporting revenue growth of about 5% year‑over‑year and net earnings of $73 million. Adjusted EBITDA reached $1.0 billion, and Paramount+ revenue rose 21% with ARPU up roughly 14%. Management announced the completion of the Warner Bros. Discovery acquisition and a target of at least $6 billion of annualized run‑rate synergies within three years, including a bundled HBO Max‑Paramount+ offering planned for early 2027.
Why it matters
The earnings beat and synergy roadmap drove Skydance shares down 8.96% to $7.93 on November 10, reflecting market reaction to the $200 million EBITDA headwind from Warner Bros. films and the guidance that 2027 free cash flow will be "break‑even or better". The announced synergy targets and bundle launch provide a framework for future cash‑flow generation and cost savings, which investors will monitor.
Key facts
- 1Q3 net earnings were $73 million. nickalive.net
- 2Adjusted EBITDA for the quarter was $1.0 billion. nickalive.net
- 3Paramount+ revenue grew 21% year‑over‑year. nickalive.net
- 4Management completed the Warner Bros. Discovery acquisition on October 6, 2026. nickalive.net
- 5The company targets at least $6 billion of annualized run‑rate synergies within three years. nickalive.net
- 6A bundled HBO Max‑Paramount+ streaming offering is planned for early 2027. nickalive.net
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.