A Business at a Glance
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Paramount Skydance Corp
PSKY
$5.4B
Mkt Cap
$8.21
-3.30%
Paramount Skydance Corp (PSKY) has a 5-year average return on invested capital (ROIC) of -23.9%. This is below average and may indicate limited pricing power.
Paramount Skydance Corp (PSKY) has a market capitalization of $9.2B. It is classified as a mid-cap stock.
Yes, Paramount Skydance Corp (PSKY) pays a dividend with a trailing twelve-month yield of 2.44%.
Paramount Skydance Corp (PSKY) operates in the Television Broadcasting Stations industry, within the Communication Services sector.
Paramount Skydance Corp (PSKY) reported annual revenue of $29.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Paramount Skydance Corp (PSKY) has a net profit margin of -21.2%. The company is currently unprofitable.
Paramount Skydance Corp (PSKY) generated $489 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Paramount Skydance Corporation is a global media and entertainment company operating through three segments: TV Media, Direct-to-Consumer, and Filmed Entertainment. TV Media encompasses broadcast networks (CBS Television Network and 29 owned stations across major U.S. markets), cable networks (Nickelodeon, MTV, BET, Comedy Central, Paramount+ with SHOWTIME, and others), and television studio operations including CBS Studios and Paramount Television Studios. The segment generates revenue from advertising, affiliate and subscription fees (cable affiliate fees and retransmission fees), and content licensing. Direct-to-Consumer comprises a portfolio of domestic and international streaming services including Paramount+, Pluto TV, and BET+, with revenue driven by subscription fees and advertising. Filmed Entertainment produces and acquires films, series, and short-form content for theatrical release, streaming platforms, television, and home entertainment across global markets. The company's business model combines linear broadcast and cable operations with growing streaming services, leveraging a substantial content library and production capabilities across multiple distribution channels. The company holds iconic intellectual property franchises and operates with a diversified revenue base spanning advertising, subscription fees, affiliate revenues, and content licensing, with geographic presence spanning the United States and international markets including the United Kingdom, Australia, and Latin America.
【Strategic integration and profitability focus】 Management expects DTC to accelerate growth year-over-year in 2026 compared to 2025, with improved profitability despite continued programming investments. The company plans to increase theatrical output to at least 15 movies per year beginning in 2026 as part of a studio rebuild, with incremental programming investments exceeding $1.5 billion across theatrical and direct-to-consumer platforms. TV Media is expected to experience revenue declines in line with industry headwinds around pay TV, though profitability is expected to remain stable on both profit dollars and margin basis. The company expects to realize $3 billion or more in synergies across the business and targets at least $3 billion in run-rate efficiency improvements, with free cash flow expected to return to industry norms and potentially exceed them as restructuring accelerates into 2027. Management is investing in AI-powered capabilities and ad technology to enhance advertising effectiveness and platform performance across the portfolio.
| Metric | Target | Period |
|---|---|---|
| Revenue | $30 billion | FY2026 |
| Adjusted EBITDA | $3.5 billion | FY2026 |
| Run-rate efficiency target | at least $3 billion | FY2026 |
| Synergies | $3 billion or more | FY2026 |
| Theatrical output | at least 15 movies per year | FY2026 and beyond |
| Programming investments | in excess of $1.5 billion | FY2026 |
Revenue (FY2026): “we expect revenue this year of $30 billion, up 4% year-on-year”
Adjusted EBITDA (FY2026): “total revenue of $30 billion, driven by strong growth in D2C revenue and global profitability, as well as adjusted EBITDA of $3.5 billion”
Run-rate efficiency target (FY2026): “we have increased our run rate efficiency target from $2 billion to at least $3 billion”
Synergies (FY2026): “we will expect to realize 3 billion+ of our synergies”
Theatrical output (FY2026 and beyond): “Our plan is to grow theatrical output, targeting at least 15 movies per year over the next few years, beginning in 2026”
Programming investments (FY2026): “over the next year, we plan to make incremental programming investments in excess of $1.5 billion across both theatrical and direct-to-consumer platforms”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | 19.6B | 29.2B | 29.2B | 29.7B |
| Net Income | -418M | -6.2B | -6.2B | -608M |
| EPS | $0.00 | $-9.34 | $-9.34 | $-1.02 |
| Free Cash Flow | 0 | 489M | 489M | 147M |
| ROIC | 1.6% | -24.8% | -23.0% | - |
| Gross Margin | - | 33.5% | 33.5% | 32.5% |
| Debt/Equity | 1.32 | 1.17 | 0.89 | - |
| Dividends/Share | $0.00 | $0.20 | $0.20 | $0.65 |
| Operating Income | 521M | -5.3B | -5.3B | -451M |
| Operating Margin | 2.7% | -18.0% | -18.0% | -1.5% |
| ROE | -3.6% | -44.2% | -31.4% | - |
| Shares Outstanding | 1,118M | 663M | 663M | 596M |
| Metric | 2023 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 29.7B | 29.2B | 29.2B | 19.6B |
| Gross Margin | 32.5% | 33.5% | 33.5% | N/A |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | 7.2B | 6.7B | 6.7B | 6.7B |
| EBIT | -451M | -5.3B | -5.3B | 521M |
| Op. Margin | -1.5% | -18.0% | -18.0% | 2.7% |
| Net Income | -608M | -6.2B | -6.2B | -418M |
| Net Margin | -2.1% | -21.2% | -21.2% | -2.1% |
| Non-Recurring | 102M | 6.5B | 6.5B | 6.5B |
| Returns on Capital | ||||
| ROIC | N/A | -23.0% | -24.8% | 1.6% |
| ROE | N/A | -31.4% | -44.2% | -3.6% |
| ROA | N/A | -26.8% | -13.8% | -0.9% |
| Cash Flow | ||||
| Op. Cash Flow | 475M | 752M | 752M | 670M |
| Free Cash Flow | 147M | 489M | 489M | 0 |
| Owner Earnings | -120M | 115M | 358M | 276M |
| CapEx | 328M | 263M | 263M | 0 |
| Maint. CapEx | 418M | 392M | 392M | 392M |
| Growth CapEx | 0 | 0 | 0 | 0 |
| D&A | 418M | 392M | 392M | 392M |
| CapEx/OCF | N/A | 35.0% | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 389M | 139M | 139M | 0 |
| Dividend Yield | N/A | 1.9% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 177M | 245M | 2.1M | 2.1M |
| Debt Repayment | 1.3B | 126M | 126M | 126M |
| Balance Sheet | ||||
| Net Debt | N/A | 11.8B | 10.4B | 13.5B |
| Cash & Equiv. | -1.0M | 2.7B | 3.3B | 1.9B |
| Long-Term Debt | N/A | 14.5B | 13.2B | 14.8B |
| Debt/Equity | N/A | 0.89 | 1.17 | 1.32 |
| Interest Coverage | -0.5 | -6.1 | -6.1 | -6.1 |
| Equity | N/A | 16.3B | 11.7B | 11.7B |
| Total Assets | N/A | 46.2B | 43.3B | 44.5B |
| Total Liabilities | N/A | 29.4B | 30.5B | 10.5B |
| Intangibles | N/A | 2.4B | 7.8B | 6.0B |
| Retained Earnings | N/A | 7.5B | -1.8B | -1.6B |
| Working Capital | N/A | 2.9B | 2.7B | 1.1B |
| Current Assets | N/A | 12.5B | 13.3B | 11.6B |
| Current Liabilities | N/A | 9.6B | 10.6B | 10.5B |
| Per Share Data | ||||
| EPS | -1.02 | -9.34 | -9.34 | 0.00 |
| Owner EPS | -0.20 | 0.17 | 0.54 | 0.25 |
| Book Value | N/A | 24.63 | 17.64 | 10.47 |
| Cash Flow/Share | 0.80 | 1.13 | 1.13 | -0.02 |
| Dividends/Share | 0.65 | 0.20 | 0.20 | 0.00 |
| Shares Out. | 596.1M | 662.7M | 662.7M | 1.1B |
| Valuation | ||||
| P/E Ratio | N/A | N/A | N/A | N/A |
| P/FCF | N/A | 13.8 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | 43.6 |
| Price/Book | N/A | 0.4 | N/A | 0.8 |
| Price/Sales | N/A | 0.3 | N/A | 0.5 |
| FCF Yield | N/A | 7.2% | N/A | N/A |
| Market Cap | 0 | 6.8B | 0 | 9.2B |
| Avg. Price | 0.00 | 11.13 | 0.00 | 8.21 |
| Year-End Price | 0.00 | 10.19 | 0.00 | 8.21 |
Paramount Skydance Corp passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 11.1x vs a median of 13.8x. The company's 5-year average gross margin is 33.1%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is -0.0%.
Paramount Skydance Corp (PSKY) has a debt-to-equity ratio of 1.17. This indicates moderate leverage.
Paramount Skydance Corp (PSKY) reported earnings per share (EPS) of $-9.34 in its most recent fiscal year.
Paramount Skydance Corp (PSKY) has a return on equity (ROE) of -44.2%. A negative ROE may indicate losses or negative equity.
Paramount Skydance Corp (PSKY) has a 5-year average gross margin of 33.1%. This indicates decent pricing power.
The Ledger Terminal provides 3 years of financial data for Paramount Skydance Corp (PSKY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Paramount Skydance Corp (PSKY) has a book value per share of $17.64, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects DTC to accelerate growth year-over-year in 2026 compared to 2025, with improved profitability despite continued programming investments. The company plans to increase theatrical output to at least 15 movies per year beginning in 2026 as part of a studio rebuild, with incremental programming investments exceeding $1.5 billion across theatrical and direct-to-consumer platforms. TV Media is expected to experience revenue declines in line with industry headwinds around pay TV, though profitability is expected to remain stable on both profit dollars and margin basis. The company expects to realize $3 billion or more in synergies across the business and targets at least $3 billion in run-rate efficiency improvements, with free cash flow expected to return to industry norms and potentially exceed them as restructuring accelerates into 2027. Management is investing in AI-powered capabilities and ad technology to enhance advertising effectiveness and platform performance across the portfolio.
Based on recent SEC filings and earnings calls, Paramount Skydance Corp (PSKY) has provided the following forward guidance: Revenue: $30 billion (FY2026); Adjusted EBITDA: $3.5 billion (FY2026); Run-rate efficiency target: at least $3 billion (FY2026); Synergies: $3 billion or more (FY2026); Theatrical output: at least 15 movies per year (FY2026 and beyond), plus 1 additional metric.
No recent press releases.