Why Is PSKY Stock Up In Premarket Today?

• Paramount Skydance added 700,000 subscribers for Paramount+, bringing its total to nearly 80 million.
• The results mark the first quarter under the company’s new reporting structure following the Paramount-Skydance merger.
• Stocktwits sentiment for PSKY jumped to ‘extremely bullish’ from ‘bullish.’

Paramount Skydance Corp. shares gained 2% in premarket trading on Tuesday, after the media group reported first-quarter results that beat analysts’ expectations and reaffirmed its 2026 

Paramount reaffirmed its fiscal 2026 forecasts – $30 billion in revenue and $3.8 billion in adjusted EBITDA – but its current-quarter projections came in below analysts’ targets.

The company, which is in the process of acquiring Warner Bros. Discovery, also reiterated its plan to save $3 billion through reductions this year.

In the last quarter, revenue ticked up 2% to $7.35 ​billion, beating expectations of $7.28 billion. Adjusted EBITDA increased 59% to $1.16 billion. Paramount said it added 700,000 subscribers for Paramount+, bringing its total to nearly 80 million, but said the growth would be flattish sequentially in the second quarter.

The results mark the first quarter under the company’s new reporting structure following the Paramount-Skydance merger, which includes reorganized expense allocations across its streaming, studios, and TV segments.

Retail’s View On PSKY Improves

On Stocktwits, the retail sentiment for PSKY shifted to ‘extremely bullish’ early Tuesday from ‘bullish’ the previous day

“$PSKY Nice Beat, but they are guiding lower for next quarter. Stock will be flat once again. Oh well, still bag holding but I am ok with that.  Eventually, this will sky-rocket,” said a trader. 

WBD Deal Overhang

While the results were upbeat, the longer-term outlook for the stock would be driven by progress in its integration with Warner Bros. The proposed merger, which has yet to receive a final nod from regulators, has been a drag on the shares lately, in part due to the heavy debt load Paramount has committed to taking on for the expensive deal.

Following a competitive bidding war against Netflix, which withdrew its offer in February, Warner and Paramount agreed to the $110-billion takeover by Paramount last month. 

Year to date, PSKY stock is 18% as of its last close.

For updates and corrections, email newsroom[at]stocktwits[dot]com.