Paramount’s Q4 revenues rose modestly to $8.1 billion, driven largely by its direct-to-consumer segment, where revenues were up by 10% to $2.2 billion.
The company reported a net loss of $573 million in Q4 2025.
These financials follow the August introduction of the new Paramount following its takeover by David Ellison’s Skydance.
The streaming segment included a 17% boost in revenues at Paramount+ to $1.8 billion, with the platform ending the quarter at just under 79 million subs.
Filmed entertainment was also up, rising 16% to $1.26 billion, largely due to the consolidation of Skydance licensing, which partially offset a decline in theatrical.
TV media dropped by 5% to $4.7 billion, with ad revenues down 10% and affiliate revenues down 7%, offsetting the gains in licensing.
For 2026, the company is expecting revenues of $30 billion, a 4% year-on-year increase. Paramount says it is on track to deliver $3 billion in cost-efficiencies through 2027, with more than $2.5 billion expected by the end of 2026.
