Skydance Q3 net earnings rise 78% quarter-on-quarter to $73 million
SKYD•Skydance said third-quarter net earnings rose 78% quarter-on-quarter to $73 million. Revenue excluding Warner Bros. Discovery increased 5% to $7.03 billion, while adjusted EBITDA rose year-over-year to $1 billion.
1. Quarterly results and plans
Skydance reported third-quarter revenue of $7.03 billion, excluding Warner Bros. Discovery, up 5%, and adjusted EBITDA of $1 billion, up year-over-year. Studios revenue rose 23% to $1.5 billion and Paramount+ revenue grew 21% to $2.13 billion. The Warner Bros. Discovery acquisition closed October 6; management targets at least $6 billion in annualized run-rate synergies within three years and plans a Paramount+ and HBO Max bundle for early 2027.
