“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 ↗
Paramount Skydance Corporation
PSKY
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.
- Revenue increased 0.9% versus the comparable filing period.
- Net income decreased 28.1% versus the comparable filing period.
- 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.
Research brief
The story so far
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.
- Revenue increased 0.9% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income decreased 28.1% versus the comparable filing period.
- PSKY's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- 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.
- EV/sales is 94% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
10.61Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
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.
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.