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Paramount Skydance Corporation

PSKY

Communication Services · 10.61 +2.2% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Paramount Skydance Corporation's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

What changed
  • Revenue increased 0.9% versus the comparable filing period.
  • Net income decreased 28.1% versus the comparable filing period.
Company+2.2% todayVolume comparison unavailable
Market group0 of 1 activeMedia & Entertainment · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • PSKY's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if PSKY's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Entertainment

The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 0.9% versus the comparable filing period.
  • Operating margin improved 1.0 percentage points.
Evidence that challenges
  • Net income decreased 28.1% versus the comparable filing period.
What would clarify the read
  • PSKY's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods2
Price observations328
Usable filing statements95
Verified relationships1
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -1.5% year over year.
  • Operating margin changed -16.5 percentage points in the latest annual period.
  • Net margin changed -19.1 percentage points in the latest annual period.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 94% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

10.61
6m+8.3%12m-29.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-12-31$29.7B$-1.02
2024-12-31$29.2B-1.5%$-9.34+1.8%

What management says matters

Persistent and emerging business drivers

Restructuring and cost reductionsnegative · 3 filings
For the second quarter of 2025, as a result of declines in industry projections, we determined that interim impairment tests were necessary for six markets in which we hold FCC licenses.
10-Q · Aug 4, 2026
Credit and interest ratesnegative · 2 filings
Net earnings attributable to Parent of $41 million , or $.04 per diluted share de creased 28% compared with net earnings attributable to Parent of $57 million , or $.08 per diluted share, for the same prior-year period as the increase in operating income was…
10-Q · Aug 4, 2026
Legal and regulatory exposuremixed · 2 filings
The anticipated closing of the WBD Merger has been delayed as a result of a lawsuit, with the parties agreeing to postpone closing until the earlier of five days following the court’s ruling or June 1, 2027.
10-Q · Aug 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.2× · EV/sales 0.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

10.61+2.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PSKY. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing presents a mixed picture

10-Q filed 2026-08-04 against the comparable filing from 2025-08-01.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationdiscount

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
+47.1%
Capital spending / revenue
+1.1%
Free-cash-flow margin
+2.5%
FCF margin change
+0.8 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 0.9% versus the comparable filing period.
  • Operating margin improved 1.0 percentage points.

What weakened

  • Net income decreased 28.1% versus the comparable filing period.

Filing receipts

Concurrent with the NAI Transaction, the NAI Equity Investors and certain other affiliates of investors in Skydance made an investment of $6.0 billion into Paramount Skydance Corporation (the “PIPE Transaction”) in exchange for 400 million newly issued shares of Paramount Skydance Corporation Class B Common Stock for a purchase price of $15.00 per share, and the NAI Equity Investors also received warrants to purchase 200 million shares of Paramount Skydance Corporation Class B Common Stock at an initial exercise price of $30.50 per share (subject to customary anti-dilution adjustments), which expire five years after issuance. $4.45 billion of the PIPE Transaction investment was used to fund...

Our access to capital markets and the cost of any new borrowings are impacted by factors outside our control, including economic and market conditions, as well as by ratings assigned by independent rating agencies.

The increase compared with the non-GAAP Predecessor presentation was driven by higher technology costs and consulting fees. -66- Management’s Discussion and Analysis of Results of Operations and Financial Condition (Continued) (Tabular dollars in millions, except per share amounts) (e) The increase in stock-based compensation expense between the 2026 and 2025 periods was driven by grants following the Skydance Transactions and the comparison to lower expenses in 2025 as a result of accelerated vesting in December 2024 of certain employees’ RSUs and PSUs to help mitigate potential tax impacts that would otherwise arise under Sections 280G and 4999 of the Internal Revenue Code.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind PSKY

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PSKY is currently a Leader in the organic co-movement group Media & Entertainment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for PSKY; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.