Overview
- The company reported $6.7 billion in Q3 revenue, with a net loss of $257 million as TV advertising and distribution declined while direct-to-consumer revenue rose 17%.
- Paramount+ prices will increase on Jan. 15, 2026, to $8.99 per month for Essential and $13.99 for Premium, with annual plans moving to $89.99 and $139.99.
- Management raised merger cost-savings guidance to at least $3 billion and announced about 1,600 additional layoffs tied to divestitures in Argentina and Chile, following roughly 1,000 cuts in October and 600 voluntary exits.
- Paramount plans roughly $1.5 billion in incremental programming spend in 2026, including UFC rights, expanded Paramount+ originals and a ramp to 15 theatrical releases, alongside work to unify its streaming tech stack.
- Paramount has made multiple bids for Warner Bros. Discovery that were reported as rejected, while WBD’s David Zaslav met Comcast executives and Reuters reported Comcast hired bankers to evaluate bids for parts of WBD.