Business

Paramount Skydance to slash 1,600 more jobs after revenue disappoints — but issues upbeat forecast

November 10, 2025

Paramount Skydance said it will make $1.5 billion in programming investments next year, as it forecast fourth-quarter revenue above Wall Street estimates, in its first quarterly results for the combined company since the completion of the $8.4 billion merger.

Shares of the company were up 2.5% in trading after the bell.

The company said it will also cut about 1,600 jobs as part of a strategic review, in addition to the 1,000 employees it laid off in late October.

Paramount Skydance reported third-quarter revenue of $6.7 billion below analysts’ estimates of$6.97 billion. Getty Images

Paramount Skydance CEO David Ellison speaks at a conference. — Paramount issued its first quarterly results for the combined company since the completion of the $8.4 billion merger with Skydance. CEO David Ellison, above. AFP via Getty Images

For the fourth quarter, Paramount Skydance expects revenue between $8.1 billion and $8.3 billion, above estimates of $8 billion, according to data compiled by LSEG.

It reported revenue of $6.7 billion for the third quarter, compared with estimates of $6.97 billion, according to data compiled by LSEG.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.