Paramount Skydance Q2 FY26 adjusted EBITDA rises 27% Y/Y to $1.1 billion - PSKY News | RalliesParamount Skydance Q2 FY26 adjusted EBITDA rises 27% Y/Y to $1.1 billion
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PSKY• Outlook
- Management raised its 2026 adjusted EBITDA (non-GAAP) outlook to $3.8 billion-$3.9 billion, forecasting at least 10% free cash flow conversion.
Q2 FY26 results
- Paramount Skydance posted GAAP operating income of $475 million in Q2 2026, lifting total revenue 1% to $6.9 billion.
- GAAP net earnings attributable to Parent fell 28.07% to $41 million, while adjusted EBITDA (non-GAAP) rose 27% to $1.1 billion.
Direct-to-consumer and studios performance
- Direct-to-consumer revenue climbed 9% to $2.5 billion, while Paramount+ subscribers rose 6% to 81.6 million after adding about 2 million.
- Studios revenue increased 16% to $1.3 billion, with segment adjusted EBITDA (non-GAAP) swinging to profit of $36 million.
