07:11 AM EST, 11/11/2025 (MT Newswires) -- (Updates to include the company's recent stock movement, planned job cuts, and outlook throughout the article.)

Paramount Skydance ( PSKY ) shares were up more than 5% in recent premarket activity Tuesday after the company released its Q3 results, issued 2026 outlook, and announced job cuts from October.

The company reported a Q3 net loss late Monday of $0.01 per diluted share, compared to nil a year earlier.

Analysts polled by FactSet expected $0.40.

Revenue in the three months ended Sept. 30 fell to $4.12 billion from $6.73 billion a year earlier.

Analysts polled by FactSet expected $6.86 billion.

For Q4, the company expects revenue between $8.1 billion and $8.3 billion. Analysts expect $7.84 billion.

Paramount Skydance ( PSKY ) said it expects $30 billion in revenue and more than $1.5 billion in incremental programming investments in 2026.

The company also said it implemented a "significant" workforce reduction and the end of October that affected about 1,000 employees, while approximately 600 other employees chose to take voluntary severance packages over returning to the office full time.