Paramount Skydance (PSKY) Q2 FY26 earnings call

Paramount Skydance delivered a strong second quarter, marked by robust growth in its direct-to-consumer segment and a return to profitability for its Studios business. The company raised its full-year adjusted EBITDA and free cash flow conversion guidance, reflecting successful cost management and accelerating digital transition. While the Warner Bros. Discovery merger faces extended legal proceedings and associated costs, management remains confident in its eventual close and the strategic benefits of scale.