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Paramount Global beats earnings target ahead of sale to Skydance
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Paramount Global beats earnings target ahead of sale to Skydance
Jul 31, 2025 1:27 PM

LOS ANGELES, July 31 (Reuters) - Paramount Global ( PARAA )

posted second-quarter earnings that exceeded Wall

Street estimates on Thursday as the company prepares for a sale

to Skydance Media.

The owner of the CBS broadcast network, a film studio and

several cable channels reported adjusted earnings-per-share of

46 cents for April through June. Analysts had predicted 36 cents

per share, according to LSEG estimates.

Revenue rose 1% from a year earlier to $6.85 billion, edging

the analyst consensus of $6.84 billion.

The company said strong subscription revenue growth at the

Paramount+ streaming service helped boost affiliate and

subscription revenue. The drama series "MobLand" attracted

viewers on Paramount+.

The Paramount Pictures film studio had a hit during the

quarter with "Mission: Impossible - The Final Reckoning."

The $8.4 billion sale of Paramount to Skydance is expected

to close by Aug. 7. The U.S. government cleared the final hurdle

to the deal last week.

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