Paramount Skydance Corp (PSKY) Form 8-K — Aug 4, 2026

Key figures

Eps

$0.04 diluted GAAP (Q2'26); $0.18 adjusted diluted

Revenue

$6,913 million (Q2'26)

Guidance

FY2026: revenue ~$30 billion (+4%), adj. EBITDA raised to $3.8-$3.9 billion (12.8% midpoint margin), FCF conversion of at least 10%; Q3'26: revenue $6.95-$7.15 billion (+4-7%), adj. EBITDA $875-$975 million (13.1% margin)

Net Income

$41 million attributable to Parent (Q2'26 GAAP)

Total Debt

$15.2 billion gross debt ($14,491 million long-term plus $665 million current)

Revenue Yoy

+1% vs Q2'25 ($6,849 million predecessor)

Total Assets

$44,411 million

Cash Position

$1,627 million

Shares Outstanding

1,120 million weighted average diluted (Q2'26)

Dtc Revenue

$2,474 million, +9% YoY; DTC adj. EBITDA $366 million (+44%)

Free Cash Flow

$258 million in Q2'26

Adjusted EBITDA

$1,099 million, +27% YoY, 15.9% margin

Studios Revenue

$1,314 million, +16% YoY; Studios adj. EBITDA $36 million vs -$31 million

Tv Media Revenue

$3,128 million, -9% YoY; TV Media adj. EBITDA $1.1 billion, 34.0% margin vs 26.4%

Operating Income

$475 million, 6.9% margin (includes $153 million WBD transaction-related costs)

Debt Maturing2026

$86 million for remainder of 2026

Revolver Repayment

$350 million repaid in Q2, ending at $1.8 billion drawn

Run Rate Efficiencies

now over $2.7 billion by end of 2026 (vs $2.5 billion prior); $3 billion+ expected from Skydance-Paramount combination

Transformation Costs

~$200 million expected in Q3; ~$800 million for FY2026

Paramount Plus Revenue

$2,061 million, +16% YoY

Wbd Termination Fee Paid

$2.8 billion advance consideration paid to Netflix on behalf of WBD

Paramount Plus Subscribers

81.6 million worldwide, +6% YoY, ~2 million net adds in Q2

Price after filing

Close on the filing date to close N calendar days later (from $7.81). Historical, not a forecast.