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Paramount Skydance Corporation operates as a media and entertainment company worldwide. It operates in three segments: Studios, Direct-to-Consumer, and TV Media. The company operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; and domestic premium and basic cable networks, such as Nickelodeon, MTV, CMT, Comedy Central, BET, Paramount+ with SHOWTIME, Paramount Network, The Smithsonian Channel, BET Media Group, CBS Sports Network, and international extensions of these brands. It also provides domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consist of CBS News and CBS Sports HQ. In addition, the company offers a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, and BET+. Further, it produces and acquires films, series, and short-form content for release and licensing worldwide, including in theaters, on streaming services, on television, through home entertainment, and DVDs, Blu-ray; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, and Miramax. It provides production, distribution, and advertising solutions. The company was founded in 1914 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | - | - | - | - | - | 0.0% | 0.0% |
| 2024 | $29.2B | $-4.9B | $-6.2B | $489M | -37.9% | -1.5% | 918.1% |
| 2023 | $29.7B | $85M | $-608M | $147M | -2.7% | -1.7% | -155.1% |
| 2022 | $30.2B | $2.6B | $1.1B | $-139M | 4.8% | 5.5% | -75.7% |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | 28,586 | 30,154 | 29,652 | 29,213 | - |
| Operating Revenue | 28,586 | 30,154 | 29,652 | 29,213 | - |
| Cost Of Revenue | 17,744 | 19,845 | 22,388 | 20,555 | - |
| Gross Profit | 10,842 | 10,309 | 7,264 | 8,658 | - |
| Operating Expense | 6,788 | 7,411 | 7,663 | 7,050 | - |
| Selling General And Administration | 6,398 | 7,033 | 7,245 | 6,658 | - |
| Total Expenses | 24,532 | 27,256 | 30,051 | 27,605 | - |
| Operating Income | 4,054 | 2,898 | -399 | 1,608 | - |
| Total Operating Income As Reported | 6,297 | 2,342 | -451 | -5,269 | - |
| EBITDA | 6,582 | 2,575 | 85 | -4,925 | - |
| Normalized EBITDA | 4,446 | 3,318 | 6 | 2,016 | - |
| EBIT | 6,192 | 2,197 | -333 | -5,317 | - |
| Interest Income | 53 | 108 | 137 | 151 | - |
| Interest Expense | 986 | 931 | 920 | 860 | - |
| Net Interest Income | -933 | -823 | -783 | -709 | - |
| Other Non Operating Income Expenses | -51 | -66 | -150 | -135 | - |
| Other Income Expense | 2,085 | -809 | -71 | -7,076 | - |
| Interest Income Non Operating | 53 | 108 | 137 | 151 | - |
| Interest Expense Non Operating | 986 | 931 | 920 | 860 | - |
| Net Non Operating Interest Income Expense | -933 | -823 | -783 | -709 | - |
| Pretax Income | 5,206 | 1,266 | -1,253 | -6,177 | - |
| Tax Provision | 646 | 227 | -361 | -305 | - |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 | - |
| Tax Effect Of Unusual Items | 265.05 | -133.22 | 22.75 | -342.72 | - |
| Net Income Continuous Operations | 4,469 | 835 | -1,252 | -6,163 | - |
| Net Income From Continuing And Discontinued Operation | 4,543 | 1,104 | -608 | -6,190 | - |
| Net Income From Continuing Operation Net Minority Interest | 4,381 | 725 | -1,284 | -6,204 | - |
| Net Income | 4,543 | 1,104 | -608 | -6,190 | - |
| Net Income Common Stockholders | 4,543 | 1,046 | -666 | -6,204 | - |
| Net Income Including Noncontrolling Interests | 4,631 | 1,214 | -576 | -6,149 | - |
| Normalized Income | 2,510.05 | 1,334.78 | -1,340.25 | 394.28 | - |
| Diluted NI Availto Com Stockholders | 4,543 | 1,046 | -666 | -6,204 | - |
| Basic Average Shares | 641 | 649 | 652 | 664 | - |
| Diluted Average Shares | 655 | 650 | 652 | 664 | - |
| Reconciled Depreciation | 390 | 378 | 418 | 392 | - |
| Reconciled Cost Of Revenue | 17,744 | 19,845 | 22,388 | 20,555 | - |
| Total Unusual Items | 2,136 | -743 | 79 | -6,941 | - |
| Total Unusual Items Excluding Goodwill | 2,136 | -743 | 79 | -6,941 | - |
| Preferred Stock Dividends | - | 58 | 58 | 14 | - |
| Minority Interests | -88 | -110 | -32 | -41 | - |
| Net Income Discontinuous Operations | 162 | 379 | 676 | 14 | - |
| Earnings From Equity Interest Net Of Tax | -91 | -204 | -360 | -291 | - |
| Special Income Charges | 2,115 | -676 | -23 | -6,877 | - |
| Gain On Sale Of Business | 2,343 | 56 | 0 | 0 | - |
| Other Special Charges | 128 | 120 | -29 | - | - |
| Write Off | 0 | 27 | 83 | 6,130 | - |
| Impairment Of Capital Assets | 0 | 27 | 83 | 6,130 | - |
| Restructuring And Mergern Acquisition | 100 | 585 | -31 | 747 | - |
| Gain On Sale Of Security | 21 | -67 | 102 | -64 | - |
| Depreciation Amortization Depletion Income Statement | 390 | 378 | 418 | 392 | - |
| Depreciation And Amortization In Income Statement | 390 | 378 | 418 | 392 | - |
| General And Administrative Expense | 6,398 | 7,033 | 7,245 | 6,658 | - |
| Other Gand A | 6,398 | 7,033 | 7,245 | 6,658 | - |
| Salaries And Wages | 43 | 65 | 153 | 139 | - |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Paramount Skydance Corporationthis co. | PSKY | $12.0B | - | 1.02 | -53.1% | - |
| EchoStar Corporation | SATS | $36.1B | -2.49 | 6.26 | -251.4% | -4.08 |
| Fox Corporation | FOXA | $27.5B | 12.17 | 2.30 | 18.9% | 7.70 |
| Fox Corporation | FOX | $24.7B | 10.90 | 2.06 | 18.9% | 6.96 |
| Omnicom Group Inc. | OMC | $21.6B |
| 2021 | $28.6B | $6.6B | $4.5B | $599M | - | - | - |
| - |
| 1.79 |
| -0.5% |
| 31.05 |
| Charter Communications, Inc. | CHTR | $20.2B | 4.05 | 1.26 | 31.1% | 5.51 |
| News Corporation | NWS | $16.8B | 14.22 | 1.91 | 13.4% | 12.24 |
| News Corporation | NWSA | $14.6B | 12.40 | 1.67 | 13.4% | 10.72 |
| The Trade Desk, Inc. | TTD | $9.9B | 22.30 | 3.98 | 17.8% | 13.71 |
| Peer Median | - | 12.17 | 1.99 | 15.6% | 9.21 | |