Overview
- In its first post-merger report, the company posted $6.7 billion in Q3 revenue and a $257 million net loss, while direct-to-consumer revenue rose 17% to roughly $2.1 billion with Paramount+ at 79.1 million subscribers.
- The post-merger cost-savings goal increased to at least $3 billion, with about 1,600 additional layoffs tied to Telefe and Chilevision divestitures on top of roughly 1,000 cuts in October and 600 voluntary departures.
- Paramount+ prices will rise on Jan. 15, 2026 to $8.99 for Essential and $13.99 for Premium, and the company will retire free trials and stop counting trial users in reported subscriber totals.
- Management plans more than $1.5 billion in incremental 2026 programming investment, including UFC rights and new originals, a ramp to at least 15 theatrical films next year, and a unified tech stack across Paramount+, Pluto TV and BET+.
- Paramount has submitted multiple bids for Warner Bros. Discovery as part of an active sale process, while Ellison said there are “no must-haves” on M&A and Comcast has explored potential asset-level options, according to reports.