Paramount Skydance Q4 revenue up 2% to $8.1 billion; net loss $573 million
Paramount Skydance reported fourth-quarter 2025 revenue of $8.1 billion, up 2% year over year, but posted a net loss of $573 million, or $0.52 per diluted share, after $546 million of restructuring and transaction-related costs. The company reiterated its 2026 outlook of $30 billion in total revenue and $3.8 billion in adjusted EBITDA, and said its Filmed Entertainment segment did not meet expectations. The letter also restated its proposal to acquire Warner Bros. Discovery, a revised $31 per share all-cash offer that WBD's board said on February 24 could lead to a superior proposal.
Key points
- Q4 2025 total revenue was $8.1 billion, up 2% from $8.0 billion in Q4 2024.
- Net loss was $573 million, or $0.52 per diluted share, versus a net loss of $224 million, or $0.33 per share, in Q4 2024.
- Operating loss was $339 million, including $546 million of restructuring and transaction-related costs; adj. OIBDA was $612 million, up 51% year over year.
- 2026 outlook reiterated at $30 billion in total revenue and $3.8 billion in adj. EBITDA; Q1 2026 revenue is expected at $7.15 billion to $7.35 billion.
The filing
Written by AI on Nov 8, 2026, 7:02 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.