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Skydance Corporation stock analysis SKYD.US

Paramount Skydance Corporation is a global media and entertainment company whose primary business is creating, producing, and distributing filmed content and operating broadcast and cable networks, along with streaming platforms. Following the merger of Skydance Media and Paramount Global in August 2025, its core business is organized into three segments: Studios, Direct-to-Consumer, and TV Media. The Studios segment encompasses content creation through Paramount Pictures, Paramount Television, Skydance Animation, and other film and TV studio operations. The Direct-to-Consumer segment operates subscription and ad-supported streaming services such as Paramount+ (which includes Showtime), Pluto TV, and related offerings. The TV Media segment manages broadcast network operations (including CBS), domestic and international cable and premium networks (such as Nickelodeon, MTV, BET, Comedy Central), and distribution of TV content via cable, satellite, and free-to-air channels.

In addition to film, television, and streaming, Paramount Skydance has developed capabilities in animation, interactive gaming, and sports storytelling. Its animation division operates studios in Los Angeles and Madrid and produces feature films and TV series under multi-year agreements with streamers such as Netflix and Apple TV+. The company's gaming operations include Skydance Games, which publishes visually rich and narrative-driven titles across platforms including virtual reality, console, PC, and mobile; notable games include Skydance's BEHEMOTH, The Walking Dead: Saints & Sinners, Archangel, as well as upcoming titles Marvel 1943: Rise of Hydra and a Lucasfilm Games collaboration. Paramount Sports Entertainment produces original sports content and documentary programming through Skydance Sports, crafting live event and narrative offerings for both its own platforms and third-party distributors.

Paramount Skydance operates worldwide, with headquarters in Los Angeles and New York City and studio or division presences in Madrid, Santa Monica, and other locations. Its markets span theatrical film distribution, broadcast and cable television, subscription and ad-supported streaming, international free-to-air television, interactive gaming, and live events. Home entertainment and transactional digital distribution, licensing, and merchandising of its film and television content are also material components of its operations.

Communication Services · Diversified Media · Entertainment · United States
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Price: Financials: Q2 FY2026 / FY2025TTM presentEstimates: , 1 analystScored as: Standard companyEvidence: CompleteDetails

Freshness

  • Price through:
  • Latest annual period: FY2025 (); filed
  • Latest interim period: Q2 FY2026 (); filed
  • TTM period: ; used by: Quality, Strength
  • Normalized EPS: , 2 analysts
  • Diluted EPS: , 1 analyst
  • Target price: , 16 analysts

Scoring profile

Effective scoring profile: Standard company

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Score evidence

Quality: Score calculated; High confidence; TTM used
Business Momentum: Score calculated; High confidence; TTM not used
Strength: Score calculated; High confidence; TTM used

Sources and adjustments

Remaining score inputs are provider supplied.

  • Debt to operating cash flow: derived by Findx
  • Net debt to EBITDA: derived by Findx

Key stock metrics

Blended P/E  :
P/E (last full year) :
14.21
N/A
Blended EPS  :
USD 0.63
Blended EPS Yield  :
7.04%
Dividend Yield :
(Trailing 12 months)
2.25%
Buyback Yield :
(Trailing 12 months)
2.02%
Market Cap:USD 9,716.95 M
EUR 8,679.18 M

Valuation basis

Analyst price target
Yearly EPS growth  :
( years incl. estimate)
-5.77%

P/E Values

Upper P/E:
Fair Value P/E  :
Lower P/E:
Market P/E  :

EPS Estimates

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N/A
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About Skydance Corporation

Description and highlights from the latest financial report

DESCRIPTION

Paramount Skydance Corporation is a global media and entertainment company whose primary business is creating, producing, and distributing filmed content and operating broadcast and cable networks, along with streaming platforms. Following the merger of Skydance Media and Paramount Global in August 2025, its core business is organized into three segments: Studios, Direct-to-Consumer, and TV Media. The Studios segment encompasses content creation through Paramount Pictures, Paramount Television, Skydance Animation, and other film and TV studio operations. The Direct-to-Consumer segment operates subscription and ad-supported streaming services such as Paramount+ (which includes Showtime), Pluto TV, and related offerings. The TV Media segment manages broadcast network operations (including CBS), domestic and international cable and premium networks (such as Nickelodeon, MTV, BET, Comedy Central), and distribution of TV content via cable, satellite, and free-to-air channels.

In addition to film, television, and streaming, Paramount Skydance has developed capabilities in animation, interactive gaming, and sports storytelling. Its animation division operates studios in Los Angeles and Madrid and produces feature films and TV series under multi-year agreements with streamers such as Netflix and Apple TV+. The company's gaming operations include Skydance Games, which publishes visually rich and narrative-driven titles across platforms including virtual reality, console, PC, and mobile; notable games include Skydance's BEHEMOTH, The Walking Dead: Saints & Sinners, Archangel, as well as upcoming titles Marvel 1943: Rise of Hydra and a Lucasfilm Games collaboration. Paramount Sports Entertainment produces original sports content and documentary programming through Skydance Sports, crafting live event and narrative offerings for both its own platforms and third-party distributors.

Paramount Skydance operates worldwide, with headquarters in Los Angeles and New York City and studio or division presences in Madrid, Santa Monica, and other locations. Its markets span theatrical film distribution, broadcast and cable television, subscription and ad-supported streaming, international free-to-air television, interactive gaming, and live events. Home entertainment and transactional digital distribution, licensing, and merchandising of its film and television content are also material components of its operations.

ADDITIONAL INFO

LATEST FINANCIAL RESULTS

FILING_DATE: 2026-08-04

FILING_TYPE: Q2 2026 8-K (Earnings Release)

PERIOD_COVERED: 2026-04-01 - 2026-06-30

KEY FINANCIAL HIGHLIGHTS

  • •Q2'26 total revenue $6.9B (+1% YoY vs Q2'25 predecessor); operating income $475M (6.9% margin) including $153M of transaction-related costs; Adjusted EBITDA $1.10B (+27% YoY, 15.9% margin).
  • •Free cash flow $258M in Q2'26; net cash provided by operating activities $319M in Q2'26.
  • •Segment performance: Direct-to-Consumer revenue $2.5B (+9% YoY; Paramount+ revenue +16% YoY), Studios revenue $1.3B (+16% YoY), TV Media revenue $3.1B (-9% YoY); DTC Adjusted EBITDA $366M (14.8% margin), Studios $36M (2.7%), TV Media $1.1B (34.0%).

SURPRISES & NOTABLE ITEMS

  • •Paramount+ delivered the best retention quarter in its history; added ~2M subscribers in Q2 to reach 81.6M worldwide.
  • •Q2 operating results include $153M of transaction-related costs tied to the planned Warner Bros. Discovery combination.

WARNING SIGNS & CONCERNS

  • •TV Media weakness persisted: advertising revenue -14% YoY in Q2, with ~8ppt headwind from lapping NCAA Final Four/Championship and ~3ppt from Telefe/Chilevisión sales; affiliate revenue -6% YoY amid continued pay‑TV subscriber erosion.
  • •Q3'26 transformation costs of roughly $200M expected to impact reported free cash flow; DTC margin guided to mid‑ to high‑single‑digit in Q3 due to seasonal content amortization.
  • •Leverage watch: ended Q2 with $1.6B cash, $15.2B gross debt, and $1.8B drawn on the revolver after repaying $350M in Q2; revolver was drawn $2.15B in Q1 to fund a $2.8B termination fee related to the WBD/Netflix matter (to be repaid from a private placement tied to the WBD transaction).

MAJOR DEVELOPMENTS

  • •FY2026 outlook raised: Adjusted EBITDA now $3.8 - $3.9B (12.8% margin midpoint) and free cash flow conversion of at least 10% before ~$800M transformation costs.
  • •Q3'26 guidance: revenue $6.95 - $7.15B (+4 - 7% YoY vs predecessor) and Adjusted EBITDA $875 - $975M (~13.1% margin midpoint); Paramount+ subscribers expected to be flattish QoQ.
  • •Upfront commitments delivered double‑digit growth company‑wide, the strongest since the CBS‑Viacom merger, reflecting cross‑platform strength.

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