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Paramount Skydance raises full-year profit guidance, remains 'confident' about WBD merger
['Lillian Rizzo']
International: Top News And Analysis
Paramount Skydance raised its full-year guidance on Tuesday and reported second-quarter results that showcased the continued strengths of streaming and weaknesses of linear TV.
Paramount reported $6.91 billion in total revenue, up slightly year over year.
Paramount+ added 2 million subscribers during the quarter, bringing its total to 81.6 million global customers.
Paramount still expects total revenue in 2026 of $30 billion, representing 4% growth year over year.
For the third quarter, Paramount expects total revenue of between $6.95 billion and $7.15 billion and for Paramount+ subscriber additions to be "flattish" quarter over quarter.