Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Entertainment > Paramount, Swinging to Q1 Profit, Says Skydance Deal to Close by June
Entertainment

Paramount, Swinging to Q1 Profit, Says Skydance Deal to Close by June

Last updated: May 8, 2025 1:05 pm
Share
Paramount, Swinging to Q1 Profit, Says Skydance Deal to Close by June
SHARE

Paramount Global Reports Profit in First Quarter Amid Skydance Acquisition Deal

Paramount Global, currently in the process of being acquired by Skydance Media, recently announced a significant turnaround in its financial performance for the first quarter. The company reported a net income of $550 million, a stark contrast to the $417 million loss recorded in the same period last year. This positive outcome was largely attributed to revenue growth in its film and streaming businesses, offsetting challenges faced by its TV networks.

Despite a 6% decline in revenue to $7.19 billion, Paramount remained optimistic about its future prospects. The impending acquisition by Skydance Media is expected to be finalized in the first half of 2025, signaling the company’s confidence in its strategic direction. However, Paramount is currently embroiled in a legal dispute with President Donald Trump over a controversial “60 Minutes” broadcast featuring an interview with former Vice President Kamala Harris, adding a layer of complexity to its operations.

Paramount highlighted the success of its CBS and Paramount+ programs, emphasizing the continued growth in subscribers, user engagement, and profitability projections for the streaming platform. The company’s film division also saw a 4% increase in revenue, driven by successful home-entertainment releases of popular titles like “Gladiator II” and “Sonic the Hedgehog 3.”

Revenue from Paramount’s TV networks experienced a 13% decline to $4.5 billion, primarily due to a drop in ad sales following the absence of the Super Bowl broadcast this year. On the other hand, revenue from direct-to-consumer businesses grew by 9%, fueled by a 16% rise in subscriptions for Paramount+. The company added 1.5 million new subscribers, bringing the total to 79 million.

See also  Paramount to Pay Trump $16 Million to Settle '60 Minutes' Lawsuit

Despite facing challenges in its traditional TV networks, Paramount remains focused on expanding its streaming services and enhancing its content offerings to drive future growth. With the Skydance acquisition on the horizon and a commitment to innovation, Paramount Global is poised to navigate the evolving media landscape and maintain its position as a leading entertainment company.

TAGGED:closedealJuneParamountprofitSkydanceswinging
Share This Article
Twitter Email Copy Link Print
Previous Article Eiza Gonzalez ‘Likes’ Timothee Chalamet and Kylie Jenner’s Red Carpet Photo Eiza Gonzalez ‘Likes’ Timothee Chalamet and Kylie Jenner’s Red Carpet Photo
Next Article REPORT: Here is Trump’s Possible Choice For Interim US Attorney for DC… DEVELOPING | REPORT: Here is Trump’s Possible Choice For Interim US Attorney for DC… DEVELOPING |
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

The Market Society Is a Pro-Social Society

They must persuade consumers that their product or service is worth exchanging their hard-earned money…

February 3, 2025

The FDA Approved A Self-Administered Nasal Spray For The Flu. Here’s How It Compares To The Traditional Flu Shot

The recent approval by the U.S. FDA of FluMist as a self or caregiver-administered nasal…

October 6, 2024

Woman fatally stabbed romantic rival while wearing an ankle monitor for trying to stab the same woman during a home invasion, prosecutors say

on Friday. Tousant allegedly attacked Flagg in the 10000 block of South Sangamon Street in…

December 31, 2024

Guest Opinion: 7 Sustainable Ways to Maintain Your Gutters

Conclusion As a homeowner, it is essential to prioritize gutter maintenance to protect your home…

October 3, 2024

Trump public health cuts are an ‘every-state issue’

Robert Goldstein is a man with a mission. As an infectious disease specialist, he has…

June 3, 2025

You Might Also Like

Trump’s Tariff Threats Fall Flat, Netflix Toasts 10 Years in Italy, ‘Optimism’ Returns to Drama Biz and Other Takeaways From Rome’s MIA Market
Entertainment

Trump’s Tariff Threats Fall Flat, Netflix Toasts 10 Years in Italy, ‘Optimism’ Returns to Drama Biz and Other Takeaways From Rome’s MIA Market

October 10, 2025
Reba McEntire Supports Dolly Parton After She Calls Out Death Hoax
Entertainment

Reba McEntire Supports Dolly Parton After She Calls Out Death Hoax

October 10, 2025
Lana Condor Joins ‘Elsbeth’ as Season 3 Guest Star (EXCLUSIVE)
Entertainment

Lana Condor Joins ‘Elsbeth’ as Season 3 Guest Star (EXCLUSIVE)

October 10, 2025
Katie Porter Allegedly Called Ex-Husband "F—ing Idiot," Dumped Hot Mashed Potatoes on Him
Entertainment

Katie Porter Allegedly Called Ex-Husband "F—ing Idiot," Dumped Hot Mashed Potatoes on Him

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?