Paramount Skydance Corp PSKY
We are a global media and entertainment company with a portfolio that includes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV and Skydance Media, LLC's ("Skydance") animation, interactive/games and sports divisions.
On December 8, 2025, we announced a cash tender offer for all of the outstanding shares of Series A Common Stock, par value $0.01 per share (the "Warner Bros. Shares"), of Warner Bros. Discovery, Inc., a Delaware corporation ("Warner Bros."), at $30.00 per Warner Bros. Share (the "Offer").
The Offer is subject to several conditions and is scheduled to expire on March 2, 2026, unless further extended. On December 22, 2025, we amended the Offer to include an irrevocable personal guarantee from Lawrence Ellison of the equity financing for the Offer and any damages payable by us. On February 10, 2026, we further amended the Offer to provide for a $0.25 per Warner Bros. Share in cash ticking fee for every quarter the transaction does not close beyond December 31, 2026, and a prepayment of the $2.8 billion termination fee payable by Warner Bros. to Netflix, Inc., a Delaware corporation ("Netflix"), upon termination of the merger agreement between Warner Bros. and Netflix. On January 22, 2026, we filed preliminary proxy materials with the SEC to solicit Warner Bros. stockholders to vote against the Netflix transaction and related proposals at the special meeting of Warner Bros. stockholders, and on February 17, 2026, we filed definitive proxy materials related thereto.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | — | $29.21B | $29.65B | — |
| SG&A | — | $6.66B | $7.25B | — |
| Total operating expenses | — | $34.48B | $30.10B | — |
| Operating income | — | -$5.27B | -$451.0M | — |
| Interest expense | — | $860.0M | $920.0M | — |
| Pre-tax income | — | -$6.18B | -$1.25B | — |
| Income tax | — | $305.0M | $361.0M | — |
| Net income | — | -$6.19B | -$608.0M | — |
| EPS, basic | — | -9.34 | -1.02 | — |
| EPS, diluted | — | -9.34 | -1.02 | — |
| Shares, diluted (wtd. avg.) | — | $664.0M | $652.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $3.27B | $2.66B | — | — |
| Receivables | $6.62B | $6.92B | — | — |
| Total current assets | $13.32B | $12.54B | — | — |
| Property, plant and equipment | $2.19B | $1.57B | — | — |
| Goodwill | $10.49B | $10.51B | $16.52B | — |
| Other intangibles | $6.24B | $2.41B | — | — |
| Total assets | $43.34B | $46.17B | — | — |
| Accounts payable | $906.0M | $953.0M | — | — |
| Total current liabilities | $10.60B | $9.63B | — | — |
| Retained earnings | -$1.75B | $7.49B | — | — |
| Total equity | $11.69B | $16.32B | $23.05B | $23.61B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | — | $752.0M | $475.0M | — |
| Depreciation and amortisation | — | $364.0M | $383.0M | — |
| Stock-based compensation | — | $245.0M | $177.0M | — |
| Capital expenditure | — | $263.0M | $328.0M | — |
| Investing cash flow | — | $12.0M | $942.0M | — |
| Financing cash flow | — | -$507.0M | -$1.84B | — |
| Dividends paid | — | $139.0M | $389.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002041610-26-000011.
Others in SIC 4833
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| VSNT | Versant Media Group, Inc. | $5.43B | — | -5.3% |
| NMAX | Newsmax Inc. | $1.37B | — | 10.7% |
| SBGI | Sinclair, Inc. | $996.5M | — | -10.7% |
| EVC | ENTRAVISION COMMUNICATIONS CORP | $775.6M | — | 22.6% |
| GTN | GRAY MEDIA, INC | $485.1M | — | -15.1% |
| SSP | E.W. SCRIPPS Co | $303.9M | — | -14.3% |