Paramount Skydance raises full-year profit guidance, remains 'confident' about WBD merger

An aerial view of the Paramount logo displayed on the water tower at Paramount Studios on December 8, 2025 in Los Angeles, California. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 billion. Mario Tama | Getty ImagesParamount Skydance raised its full-year guidance on Tuesday and reported second-quarter results that showcased the continued strengths of streaming and weaknesses of linear TV. While Paramount beat Wall Street expectations for revenue and reported gains in its streaming unit, led by its Paramount+ streaming service, its portfolio of cable TV networks continued to weigh on the overall company. Still, Paramount noted that cost cutting and its "creative execution" for the traditional TV business helped to improve margins and profit in the quarter. Here's how Paramount Skydance performed in the period ended June 30 compared with Wall Street estimates compiled by LSEG:Earnings per share: 4 centsRevenue: $6.91 billion vs. $6.88 billion expectedParamount reported net earnings attributable to the company of $41 million, or 4 cents per share, versus $57 million, or 8 cents per share, in ...