Paramount Skydance reports mixed second-quarter results

LOS ANGELES, CALIFORNIA, Aug 4 : Paramount Skydance reported mixed second-quarter results on Tuesday, with higher streaming and studio revenue offsetting declines in television, as the company works to close its planned $110 billion acquisition of Warner Bros. Discovery. The entertainment giant's revenue rose 1 per cent to $6.91 billion, exceeding estimates of $6.88 billion, according to data compiled by LSEG.Second-quarter profit came in at $41 million, or 4 cents a share, compared with analyst estimates of $109 million or 9 cents a share. The company's streaming business reached nearly $2.5 billion in revenue, up 9 per cent from the same quarter a year ago. The company said the "Yellowstone" sequel, "Dutton Ranch," and sporting events like the UFC Freedom 250 cage-match and the FIFA Worl