Paramount Q4 Revenue Falls 5.1% to $8.15B, Guides Q1 Below Estimates
Paramount Global posted Q4 CY2025 revenue of $8.15 billion, down 5.1% year-on-year and matching estimates, while a GAAP loss of $0.52 per share significantly missed forecasts. Management guided Q1 revenue at $7.25 billion (2.3% below analysts) and raised full-year EBITDA outlook to $3.8 billion, above consensus.
1. Q4 CY2025 Financial Results
Paramount reported Q4 revenue of $8.15 billion, reflecting a 5.1% decline from a year earlier and in line with street expectations. The company’s GAAP loss per share widened to $0.52 versus analysts’ forecast of a $0.20 loss, while adjusted EBITDA reached $612 million, surpassing the $564 million consensus.
2. Fiscal 2026 Guidance and Outlook
Paramount set Q1 CY2026 revenue guidance at $7.25 billion, about 2.3% below analysts’ $7.42 billion estimate, and projected full-year EBITDA of $3.8 billion at the midpoint, above the $3.51 billion consensus. Management signaled that cost efficiencies and streaming growth would underpin margin expansion despite near-term top-line pressures.
3. Acquisition as Turnaround Accelerant
Company executives stated that a successful acquisition of Warner Bros. Discovery would serve as an accelerant for Paramount’s turnaround strategy by expanding its premium content library and delivering greater scale across television, streaming and theatrical platforms.