Paramount Skydance is raising its profit outlook as streaming gains offset cable TV slide

The company lifted its adjusted EBITDA guidance to $3.8 billion–$3.9 billion, crediting savings from last year's Skydance merger

Almost one year exactly from Skydance’s acquisition of Paramount, the merged company reported mixed quarterly numbers with strong streaming, tough theatrical comps and an ongoing drop in linear television. The numbers hit just as a judge announced a March trial date to hear the AG’s antitrust case against the Par-WBD m

Paramount Skydance said second-quarter profit fell, even as the company was boosted by its streaming media and studios operations, while its large TV division shed ad dollars and subscribers. David Ellison, the company’s CEO, vowed that its deal to acquire Warner Bros. Discovery would close, despite legal setbacks that