-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
PSKY delivered mixed Q1 2026 results with revenue of $8.35B (+2% Y/Y) versus consensus at $7.19B, while adj. EBITDA surged 59% Y/Y to $1,161M with margins expanding to 15.8% from 10.2%. GAAP diluted EPS was $0.15, matching the consensus, demonstrating operational momentum under new management. We like the DTC segment's continued strength, with Paramount+ revenue growing 17% Y/Y to $2.0B and reaching 79.6M global subscribers, while achieving profitability with 10% margins and 10% ARPU growth. Management is modernizing customer-facing technology and implemented price increases across tiers in January. TV Media faced structural headwinds with revenue declining 6% Y/Y to $3.7B, but maintained strong profitability with adj. EBITDA margins expanding to 29% from 24% through cost discipline. Studios revenue increased 11% Y/Y due to Skydance consolidation, with management committing to release a minimum of 30 films across Paramount and Warner Bros. with full theatrical releases and 45-day windows to support theaters.