Revenue Growth and Financial Highlights

Paramount Global announced its second-quarter revenue for 2025 reached $6.8 billion, marking a 1% increase compared to the same period last year. The company highlighted a significant turnaround in its GAAP operating income, which stood at $399 million, a stark contrast to the $5.3 billion loss reported in Q2 2024. Additionally, GAAP diluted earnings per share improved to $0.08 from a loss of $8.12 per share year-over-year.

Direct-to-Consumer and Media Segments

The Direct-to-Consumer (DTC) segment saw a 15% year-on-year revenue increase, with subscription revenue jumping 22% due to growth in Paramount+ subscribers and price adjustments. However, TV media revenue experienced a 6% decline, while film revenue grew by 2%, fueled by an 84% increase in theatrical revenue.

Upcoming Merger with Skydance

Paramount also shared updates on its anticipated $8 billion merger with Skydance, confirming the deal is expected to close on August 7. This strategic move is poised to reshape the media landscape.

Following the earnings announcement, Paramount's shares slightly decreased by 0.40% in after-hours trading.