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Skydance reported Q2 FY2026 revenue of $6.9 billion, up from $6.8 billion a year earlier. Its filing attributes the increase to Paramount+ growth and higher licensing revenue, partly offset by lower linear-network and theatrical revenue. The prior-year results relate to predecessor Paramount Global rather than the combined company.
The filing says licensing growth included Skydance’s contribution and increased revenue from secondary-market licensing and content produced for third parties. It attributes lower advertising revenue primarily to declines in the linear advertising market, partly offset by Paramount+ growth. Paramount+ benefited from pricing increases and subscriber growth, according to the filing.
Skydance reported diluted earnings per share of $0.04, down from $0.08 a year earlier. The filing says higher taxes and interest expense more than offset increased operating income; it also notes that shares issued contributed to the decline in diluted EPS.
Gross margin rose to 35.7% from 32.5%, while operating margin rose to 6.87% from 5.83%. Skydance reported free cash flow of $258.0 million, compared with $114.0 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $6.9 billion | $6.8 billion | 0.93% |
| Diluted EPS | $0.04 | $0.08 | −50.0% |
| Gross margin | 35.7% | 32.5% | 3.2 percentage points |
| Operating margin | 6.87% | 5.83% | 1.0 percentage point |
| Free cash flow | $258.0 million | $114.0 million | 126.3% |
What management said on the call
Skydance’s latest earnings call commentary is unavailable, including executives’ discussion of the quarter.
Guidance
Skydance’s management guidance is unavailable for the quarter ahead and the full year, so changes from its previous outlook cannot be reported for either period.