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Paramount Shares Dive As Q4 Revenue Disappoints Investors Amid Battle With Netflix Over Warner Bros
(MENAFN- AsiaNet News)
Paramount Skydance (PSKY) on Wednesday reported fourth-quarter (Q4) results, missing analyst estimates for revenue. Shares of the company were down nearly 2% in extended hours of trading.
Paramount reported revenue of $8.15 billion in Q4, compared to a revenue of $8 billion from the year-ago quarter. The revenue missed analysts' estimates of $8.17 billion, as per data from Fiscal.
The company said that it continues to expect $30 billion in full-year revenue for 2026, in-line with analysts' estimates.
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