Paramount Skydance Corporation (PSKY)

NASDAQCommunication ServicesEntertainmentSnapshot 2026-10-15

$9.160.00%

Close 2026-10-12 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Paramount Skydance Corporation’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-4.2%

+10% or more+5%0%−5%−10% or less

0.82 → 0.78 EPS · FY ending Dec 31, 2027 · 11 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 12 to 11; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

4 key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Achieve $2.5 billion run-rate cost savings by end 2026	Cost savings of $2.5 billion are expected by end of 2026.	Intact	Cost savings fall below $2 billion by end 2026	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 2 quarters: 2025-Q3 and 2026-Q1. Management increased the run-rate efficiency target from $2 billion to at least $3 billion, with $2.5 billion expected by end of 2026. The trajectory shows delivering progress toward the cost savings goal. Delivery assessment Oct 15, 2026
Grow direct-to-consumer streaming revenue	A supporting condition in Paramount Skydance Corporation's published investment case. The stated target is DTC revenue >= $2.4 billion in Q1 2026.	Broken	DTC revenue growth falls below 5% YoY	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 2 quarters: 2026-Q1 and 2026-Q2. DTC revenue grew 11% year-over-year to $2.4 billion in Q1 2026, with subscriber count increasing by 0.7 million. Management is advancing platform consolidation and content investment. The trajectory shows delivering growth and ongoing platform enhancements. Delivery assessment Oct 15, 2026
Complete Warner Bros. Discovery acquisition by Q3 2026	Paramount Skydance aims to finish the Warner Bros.	Recovered	Merger not closed by Q3 2026	Deal closed Oct 6, 2026 vs Q3 2026 target Paramount Skydance sealed the $110B Warner Bros deal on Oct 6, 2026, with combined company hitting NYSE. Context reviewed through Oct 13, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 quarters including 2025-Q4, 2026-Q2, and the 2026-10-06 press release. Management expected the acquisition to close in Q3 2026, subject to approvals, and completed it on October 6, 2026. The trajectory is delivering with the transaction closed as planned. Delivery assessment Oct 15, 2026
Achieve about $30 billion revenue in 2026	Revenue should reach about $30 billion in 2026.	Intact	Revenue falls below $28 billion in 2026	Revenue: $6.913B FY2026-Q2; GAAP. Published target: Revenue >= $30 billion in 2026. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 4, 20266,913,000,000 USD · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: fd0b7863-2e36-451a-bee4-1cbcf32d9c00. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 3 quarters including 2025-Q3, 2026-Q1, and 2026-Q2. Management reaffirmed $30 billion revenue and $3.8 billion adjusted EBITDA guidance for 2026. Revenue grew from $6.85B in 2025-Q3 to $7.35B in 2026-Q1, showing modest growth. The trajectory is on track with guidance reaffirmed and revenue stable. Delivery assessment Oct 15, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.78

$0.89 → $0.78 · observed estimates

FY2027 revenue$30.56B

$30.36B → $30.56B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$0.89	$30,359,767,660	15 / 18
2026-07-25	$0.82	$30,370,352,145	12 / 14
2026-07-26	$0.89	$30,359,767,660	15 / 18
2026-07-27	$0.89	$30,359,767,660	15 / 18
2026-07-28	$0.89	$30,359,767,660	15 / 18
2026-07-29	$0.89	$30,359,767,660	15 / 18
2026-07-30	$0.82	$30,370,335,889	12 / 14
2026-07-31	$0.90	$30,354,934,330	16 / 18
2026-08-01	$0.83	$30,365,502,556	12 / 14
2026-08-02	$0.90	$30,349,459,880	16 / 17
2026-08-03	$0.83	$30,365,502,556	12 / 14
2026-08-04	$0.90	$30,349,459,880	16 / 17
2026-08-05	$0.80	$30,365,502,556	12 / 14
2026-08-06	$0.80	$30,365,502,556	12 / 14
2026-08-07	$0.81	$30,486,383,550	12 / 14
2026-08-08	$0.81	$30,486,383,550	12 / 14
2026-08-09	$0.86	$30,467,767,950	18 / 19
2026-08-10	$0.81	$30,486,383,550	12 / 14
2026-08-12	$0.81	$30,486,383,550	12 / 14
2026-08-13	$0.81	$30,486,383,550	12 / 14
2026-08-14	$0.81	$30,486,383,550	12 / 14
2026-08-15	$0.81	$30,486,383,550	13 / 15
2026-08-16	$0.81	$30,486,383,550	13 / 15
2026-08-17	$0.81	$30,486,383,550	13 / 15
2026-08-18	$0.81	$30,486,383,550	13 / 15
2026-08-19	$0.81	$30,486,383,550	13 / 15
2026-08-20	$0.82	$30,514,324,268	12 / 15
2026-08-21	$0.82	$30,514,324,268	12 / 15
2026-08-22	$0.82	$30,514,324,268	12 / 15
2026-08-23	$0.82	$30,514,324,268	12 / 15
2026-08-24	$0.82	$30,514,324,268	12 / 15
2026-08-25	$0.82	$30,508,192,909	13 / 15
2026-08-26	$0.82	$30,508,192,909	13 / 16
2026-08-27	$0.82	$30,508,192,909	13 / 16
2026-08-28	$0.82	$30,508,192,909	13 / 16
2026-08-29	$0.82	$30,508,192,909	13 / 16
2026-08-30	$0.82	$30,508,192,909	13 / 16
2026-08-31	$0.82	$30,508,192,909	13 / 16
2026-09-01	$0.82	$30,508,192,909	13 / 16
2026-09-02	$0.82	$30,508,192,909	13 / 16
2026-09-03	$0.82	$30,508,192,909	13 / 16
2026-09-04	$0.82	$30,508,192,909	13 / 16
2026-09-05	$0.82	$30,508,192,909	13 / 16
2026-09-06	$0.82	$30,508,192,909	13 / 16
2026-09-07	$0.82	$30,508,192,909	13 / 16
2026-09-08	$0.82	$30,508,192,909	13 / 16
2026-09-09	$0.82	$30,508,192,909	13 / 16
2026-09-10	$0.82	$30,508,192,909	13 / 16
2026-09-11	$0.82	$30,508,192,909	12 / 16
2026-09-12	$0.82	$30,508,192,909	12 / 16
2026-09-13	$0.82	$30,508,192,909	12 / 16
2026-09-14	$0.82	$30,508,192,909	12 / 16
2026-09-15	$0.82	$30,508,192,909	12 / 16
2026-09-16	$0.82	$30,508,192,909	12 / 16
2026-09-17	$0.82	$30,508,192,909	12 / 16
2026-09-18	$0.82	$30,508,192,909	12 / 16
2026-09-19	$0.82	$30,508,192,909	12 / 16
2026-09-20	$0.82	$30,508,194,815	12 / 16
2026-09-21	$0.82	$30,508,194,815	12 / 16
2026-09-22	$0.82	$30,508,194,815	12 / 16
2026-09-23	$0.82	$30,508,194,815	12 / 16
2026-09-24	$0.82	$30,508,194,815	12 / 16
2026-09-25	$0.82	$30,508,194,815	12 / 16
2026-09-26	$0.78	$30,559,983,415	12 / 15
2026-09-27	$0.78	$30,559,983,415	12 / 15
2026-09-28	$0.78	$30,559,983,415	12 / 15
2026-09-29	$0.78	$30,559,983,415	12 / 15
2026-09-30	$0.78	$30,559,983,415	12 / 15
2026-10-01	$0.78	$30,559,983,415	11 / 15
2026-10-02	$0.78	$30,559,983,415	11 / 15
2026-10-03	$0.78	$30,559,983,415	11 / 15
2026-10-04	$0.78	$30,559,983,415	11 / 15
2026-10-05	$0.78	$30,559,983,415	11 / 15
2026-10-06	$0.78	$30,559,983,415	11 / 15
2026-10-07	$0.78	$30,559,983,415	11 / 15
2026-10-08	$0.78	$30,559,983,415	11 / 15
2026-10-09	$0.78	$30,559,983,415	11 / 15
2026-10-10	$0.78	$30,559,983,415	11 / 15
2026-10-11	$0.78	$30,559,983,415	11 / 15
2026-10-12	$0.78	$30,559,983,415	11 / 15
2026-10-13	$0.78	$30,559,983,415	11 / 15
2026-10-14	$0.78	$30,559,983,415	11 / 15
2026-10-15	$0.78	$30,559,983,415	11 / 15

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	3	11	7
2026-06-01	3	11	6
2026-07-01	4	11	7
2026-08-01	4	10	8
2026-09-01	4	10	9
2026-10-01	4	9	9

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 9 Hold · 9 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 16–Oct 15 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Morgan StanleySep 22

$11.50New observation · no comparable prior

BarclaysSep 17

$8.00New observation · no comparable prior

$0$6.33$12.65

0 raises · 0 cuts · 0 unchanged · 2 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Achieve $2.5 billion run-rate cost savings by end 2026Direct metric needs a verified mapping
Grow direct-to-consumer streaming revenuePublished status: Broken
Achieve about $30 billion revenue in 2026Revenue: $6.913B

Next proof point

Nov 3, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.8%Typical daily move · historical

Downside history

-56.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Paramount Skydance Corporation outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a turnaround story in the Communication Services sector. The current thesis state is intact, supported by strong recent financial performance and the completion of a significant acquisition.

What's priced into Paramount Skydance Corporation

The market currently prices PSKY at a premium compared to its peers, reflecting justified expectations. However, there is an expectations gap, indicating that the market may not fully account for potential challenges ahead.

What the fundamentals likely do

Management has set ambitious targets for revenue and adjusted EBITDA, both of which appear to be on track. However, the recent volatility in management quality and company momentum raises some concerns about future execution.

What Paramount Skydance Corporation hinges on

The long-term thesis hinges on several factors, including the impact of potential Federal Reserve rate cuts and the performance of leading companies in the sector. Additionally, any downward guidance from management could negatively affect sentiment.