Skydance today released its Q3 earnings report, the first since creating a combined company including Paramount and Warner Bros. Discovery. However, with the merger being finalized just after the end of the quarter, Warner Bros. financials are not included in the report.
Paramount Skydance saw net earnings of $73 million for the quarter. Notably, Paramount+ revenue grew by 21%, which the company says is the fastest quarterly growth of the year.
While we won’t get a full financial picture of the post-merger company until early next year, Skydance did share some details of the combined company in its report. The deal was completed on October 6, 2026, after Paramount settled an antitrust lawsuit with 12 states on September 21, clearing the way for the company to close its deal to acquire Warner Bros. Discovery.
The combined company’s direct-to-consumer portfolio includes Paramount+, HBO, HBO Max, Discovery+, and Pluto TV. Skydance says that Paramount+, HBO, and HBO Max combined now have 203 million subscribers, while Pluto TV has 75 million monthly active users, with the services covering 130 markets worldwide.
In today’s report, the company shared its three strategic goals to stand out at a “demanding time in our industry.” First, the company wants to establish Skydance as the premier global content engine and the home for the world’s leading storytellers. Second, Skydance will aim to accelerate its integrated direct-to-consumer platform with the best content, leading-edge technology, and a superior fan experience. And third, it will optimized its highly profitable TV portfolio, anchored by CBS in the U.S., to reach audiences globally across every entertainment vertical.
Skydance also shared a major piece of news to kick off those three objectives – the company is planning to launch a bundled offering of HBO Max and Paramount+ in early 2027.
“Our first step toward bringing together Paramount+ and HBO Max is to offer them in a single bundle,” the company said. “Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value. We look forward to sharing more details on the bundle and our streaming roadmap in the coming months.”
Combining the two services will give subscribers access to a portfolio of brands and franchises that includes Star Trek, Yellowstone, Top Gun, Harry Potter, Game of Thrones, Spongebob, Superman, Batman, and much more, along with news and sports.
While the report focused on the paid services, Skydance did also briefly mention its free service, Pluto TV. The company said it plans to continue expanding the library of free content.
