Wednesday, 5 August, 2026
Showbiz Showdown: Paramount Navigates Mixed Q2 Earnings as Warner Mega-Merger Hits Courtroom Snag
By TechShots Studio
Paramount Skydance reported mixed Q2 results, with revenue rising 1% to $6.91 billion on strong Paramount+ streaming growth (hitting 81.6M subscribers), though net profit fell short at $41 million due to traditional TV declines. Meanwhile, the media giant raised its full-year outlook as its proposed $110 billion Warner Bros. Discovery acquisition faces a March 2027 antitrust trial brought by state regulators.
Read full story at REUTERS