Key Stats for Paramount Skydance Stock
- Pre-market Price Change for Paramount Skydance stock: 4.20%
- $PSKY Share Price as of Nov. 10: $15.25
- 52-Week High: $20.86
- $PSKY Stock Price Target: $14.17
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What Happened?
Paramount Skydance (PSKY) stock is up over 4% in pre-market trading following the company’s first earnings report since completing its merger in early August.
The media giant delivered its Q3 results and outlined an aggressive turnaround plan under new CEO David Ellison that combines major content investments with deeper cost cuts than previously expected.
PSKY increased its cost-saving target from $2 billion to at least $3 billion in annual efficiencies. Management expects to deliver $1.4 billion of these savings by year-end 2025, with an additional $1 billion expected in 2026.
These cuts will be partly achieved through workforce reductions of approximately 1,600 employees, tied to the divestiture of TV operations in Argentina and Chile.
On the growth side, Paramount Skydance announced plans to invest an additional $1.5 billion in content across streaming, sports, and theatrical releases.
The company revealed major deals, including a 7-year, $7.7 billion agreement for UFC rights and exclusive streaming rights to South Park. Paramount+ also gained 1.4 million subscribers in Q3, bringing the total to 79 million globally.
PSKY provided 2026 guidance of $30 billion in revenue and $3.5 billion in adjusted OIBDA. Management also announced plans to raise Paramount+ subscription prices in early 2026, marking the second increase in less than two years.
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What the Market Is Telling Us About PSKY Stock
The positive reaction to PSKY stock suggests investors are embracing Ellison’s strategy of cutting costs while investing heavily in premium content.
The $1 billion increase in efficiency targets provides management with more financial flexibility to fund ambitious content deals without putting pressure on the balance sheet.
However, the dual approach of spending more on content while slashing costs presents execution risks. The company needs to demonstrate its ability to successfully scale Paramount+ globally while navigating ongoing declines in its cable networks.
With broadcast powerhouse CBS remaining strong, but cable continuing its steep decline, investors will closely watch to see if streaming growth can offset traditional TV losses.
The focus on becoming “the most technologically capable media company” could differentiate PSKY stock from competitors, but it will take time to see results from platform upgrades and AI investments.
For now, the market appears willing to give management the benefit of the doubt as they work to transform Paramount into a streaming-first company.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
