Paramount (PSKY) Stock: What Wall Street Expects from Earnings Today

TLDR

• Analysts expect Q1 revenue of $7.28 billion, with EPS of $0.15
• TV Media revenue forecast to drop 9.5% to $4.11 billion year-on-year
• Direct-to-consumer revenue expected to rise 14% to $2.33 billion
• Paramount+ subscribers forecast to reach 79.9 million, up from 78.9 million
• PSKY stock is down 18% this year, trading at $10.95 ahead of results

Paramount (PSKY) reports Q1 2026 earnings after the bell today, and all eyes are on streaming.

Paramount Skydance Corporation Class B Common Stock, PSKY

The stock is trading at $10.95, down 1.3% on Monday and off 18% for the year.

Wall Street is looking for adjusted EPS of $0.15 on revenue of $7.28 billion, which would represent 1.1% year-on-year growth — a reversal from the 6.7% decline recorded in the same quarter last year.

Last quarter, Paramount posted revenue of $8.15 billion, down 5.1% year-on-year. It beat operating income estimates but missed on EPS.

Analysts have largely held their estimates steady over the past 30 days, suggesting they expect Paramount to stay on course heading into the print.

Streaming in Focus

The traditional TV business continues to lose ground. TV Media revenue is expected to fall to $4.11 billion, a 9.5% drop from the prior-year period, as audiences continue shifting away from linear television.

Direct-to-consumer revenue is forecast to climb 14% to $2.33 billion. Paramount+ paid subscribers are expected to land at 79.9 million, up from 78.9 million in Q4 2025.

CEO David Ellison flagged direct-to-consumer as the company’s “top priority” back in November, and that theme will be central to how investors receive today’s results.

Paramount competes with Netflix (NFLX) and Disney+ (DIS) for streaming subscribers, and the gap between those platforms and Paramount+ remains wide.

The average analyst price target sits at $13.13, compared to the current price of around $11.

Warner Bros. Deal in the Spotlight

Paramount won the bidding war for Warner Bros. Discovery — beating out Netflix — in late February. Warner Bros. stockholders voted to approve the merger on April 23.

The deal is expected to close in Q3 2026, pending regulatory approval. Investors will be listening closely on the earnings call for any updates on management’s confidence in clearing that hurdle.

The acquisition, if completed, would add HBO Max to Paramount’s streaming portfolio — a meaningful boost to its content library and subscriber base.

Peers in the consumer discretionary space have had a solid earnings season. Rush Street Interactive grew revenue 41.1% and beat estimates by 11.3%, with its stock up 16.6% post-results. Monarch reported 8.9% revenue growth, beating by 5.2%, and rose 15.9%.

Consumer discretionary stocks are up 7% on average over the past month. Paramount has outpaced that, rising 12.2% in the same period.

Paramount reports after today’s market close.

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