Overview
- In its first post-merger report, the company posted Q3 revenue of $6.7 billion and a net loss of $257 million, while direct-to-consumer revenue rose 17% with Paramount+ reaching 79.1 million subscribers.
- Management raised projected merger cost savings to about $3 billion and disclosed roughly 1,600 additional layoffs tied to divesting Telefe in Argentina and the planned sale of Chilevisión.
- Paramount+ U.S. prices will rise on Jan. 15, 2026, with Essential increasing by $1 to $8.99 per month and Premium by $1 to $13.99, alongside higher annual plan rates.
- The company plans incremental programming investments exceeding $1.5 billion in 2026, anchored by a seven-year, $7.7 billion UFC rights deal and an expanded film slate targeting 15 releases a year.
- Paramount remains an active bidder in Warner Bros. Discovery’s sale process after earlier offers were rejected, as Comcast explores options and Netflix and others weigh bids, with CEO David Ellison calling the approach “buy versus build.”