Paramount Skydance Corp 8K

Paramount Skydance used its Form 8-K Exhibit 99 to report Q2 2026 results, raise 2026 adjusted EBITDA guidance, and update investors on operational progress and regulatory advances toward its planned merger with Warner Bros. Discovery.

On August 4, 2026, Paramount Skydance Corporation issued an Exhibit 99 shareholder letter in its Form 8-K providing a detailed update on second quarter 2026 operating and financial results, strategic progress following the Skydance transaction, and its pending merger with Warner Bros. Discovery. The company highlighted strong performance in its Direct-to-Consumer business—Paramount+ reached 81.6 million subscribers with its best retention quarter ever—alongside profitable growth in its Studios segment and margin expansion in TV Media despite revenue headwinds. Paramount raised its full‑year 2026 adjusted EBITDA outlook to $3.8–$3.9 billion, projected at least 10% free cash flow conversion (before transformation costs), and quantified more than $2.7 billion of run‑rate efficiencies expected by year‑end 2026. The letter also described a significantly expanded theatrical and series slate, integration and enhancement of streaming products (including BET+ migration and platform convergence with Pluto TV), capital structure actions taken to fund a $2.8 billion termination fee related to the WBD merger, and extensive global regulatory progress toward closing the Warner Bros. Discovery combination, which management continues to expect will be completed.

Filing Facts

CIK

2041610

Ticker

-

Form

8K

Source Type

sec

Accession

0002041610-26-000052

Alert Tier

7