Paramount said it fully expects its merger involving WBD to close as the company released mixed results for the June quarter, nearly a year after Skydance acquired Paramount. The update pointed to stronger performance in streaming, even as other parts of the business remained under pressure.
The company’s latest quarter reflected a familiar split across the media industry. Streaming showed gains, helping offset weakness elsewhere, while linear television continued to face declines. That trend underscores how traditional TV remains a challenge for major media groups as audiences and advertising shift toward digital platforms.
Paramount also noted tougher comparisons in its theatrical business, suggesting the film segment faced a harder year-over-year setup. Combined with the ongoing erosion in linear operations, that left the overall quarter looking uneven despite improvement in streaming.
The report offers a snapshot of a company still in transition after Skydance’s takeover. While streaming momentum appears to be a bright spot, Paramount’s results show that legacy television pressures and softer film comparisons are still shaping the broader outlook as it works toward completing the WBD merger.
