Paramount Boosts Skydance Merger Savings and Expands TV Studio Amid Streaming Growth
Paramount's Q3 revenue missed Wall Street estimates at $6.7 billion, but the company raised its 2026 revenue and OIBDA projections, and increased its cost savings target from the Skydance merger to $3 billion. Despite a net loss and declining ad revenue, investors responded positively, and the company continues strategic dealmaking and workforce adjustments to strengthen its future.
