Overview
- Paramount reported roughly $6.7 billion in Q3 revenue and a $257 million net loss as streaming added about 1.4 million subscribers to reach 79.1 million, and shares climbed more than 9% after the update.
- Paramount+ will raise U.S. prices on Jan. 15, 2026 by $1 to $8.99 for Essential and $13.99 for Premium, with annual plans also increasing and reporting shifting to paid-only subscribers beginning in Q4 2025.
- Management outlined more than $1.5 billion in incremental 2026 programming, including UFC rights and a ramp to roughly 15 theatrical releases per year to drive engagement and growth.
- The company lifted its merger cost‑savings target to about $3 billion and plans roughly 1,600 additional job cuts tied to divesting Telefe in Argentina and Chilevisión in Chile as part of a strategic review.
- Paramount’s multiple bids for Warner Bros. Discovery were reported rejected as too low, and WBD CEO David Zaslav recently met Comcast executives, while Ellison said there are no must‑have deals.