Paramount Reports Streaming Gains as Skydance Merger Faces Regulatory Hurdles

The media giant narrows streaming losses by 42% in Q4 2024 but confronts legal and shareholder challenges over its $8 billion Skydance deal.

Paramount Global's Q4 2024 revenue grew 5% year-over-year to $7.98 billion, but missed analyst expectations of $8.14 billion.
Streaming losses dropped 42% to $286 million for the quarter, with Paramount+ and Pluto TV driving an 8% increase in streaming revenue to $2.01 billion.
The company added 5.6 million streaming subscribers in Q4, bringing its total to 77.5 million, and aims for domestic profitability for Paramount+ in 2025.
Paramount's $8 billion merger with Skydance Media is under FCC review, with challenges including a revived 'news distortion' complaint against CBS and shareholder lawsuits over potential fiduciary breaches.
Paramount faces a potential $400 million breakup fee if the Skydance merger fails, while legal and regulatory delays could increase costs and prolong uncertainty.