From Yahoo Finance: 2025-05-08 16:03:00

Paramount Global exceeded revenue and profit expectations, driven by direct-to-consumer business growth. Company plans to cut non-content costs due to U.S.-China trade war uncertainty. Merger with Skydance Media still on track. Revenue reached $7.19 billion, with streaming revenue up 9% and filmed entertainment sales up 4%.

Analysts predict U.S. President Trump’s tariff announcement will bring more uncertainty. Paramount’s “Mission Impossible” sequel expected to boost revenue. Paramount+ added 1.5 million subscribers, falling short of estimates. Adjusted profit per share was 29 cents, beating expectations of 25 cents. Paramount remains optimistic amid macroeconomic challenges.

Read more: Paramount’s strong quarterly results boosted by originals, streaming growth