Paramount Skydance reports Q3 adjusted EPS 12c vs 49c last year

Reports Q3 pro forma revenue $6.714B, consensus $6.99B. The company said, ” Nearly 100 days have passed since we launched the new Paramount, and we are pleased with the progress to date. Our goal in bringing together Paramount and Skydance was to honor a company with over a century of storied history and profound cultural impact, while transforming it for the future through investments in exceptional storytelling, innovative technology, and strategic growth opportunities that will shape the next era of entertainment. Today, we are confident we are onthe right path – taking the necessary steps to build a stronger, more enduring company for the future.