Paramount Global said it expects to close the integration process with Skydance Media in the first half of 2025 despite the gossip around the deal, which requires a green light from the Federal Communications Committee.
The company said in the first edition of 2025: “The completion of Skydance transactions is subject to regulatory approvals and usual closure conditions. The transactions are expected to be closed in the first half of 2025. Until then, Paramount continues to work in the context of regular business.”
In fact, Paramount had expected the first half to be close since the announcement of the multi-part transaction last summer-before President Donald Trump suggested CBS and 60 minutesAnd before the FCC began under President Brendan Car, a complaint against the network and newsmagazine by a right -wing group. A long time ago 60 minutes Last month, CEO Bill Owens resigned, citing the editorial overlap of companies. Carr confirmed this week that the lawsuit is on a path that is completely different from the integration.
The company witnessed a decrease in the revenues of the first quarter by 6 % to 7.2 billion dollars, but it increased by 2 %, except for a difficult comparison of Super Bowl Lviii In the first quarter of the year. Super Bowl Comps was colorful in Linear and Streaming but sports ads, paid football, and March Madness, were in the first strong quarter on an equal footing, as they did in Disney yesterday and Warner Bros Discovery earlier today.
Paramount turned into a net net profit of $ 152 million from a loss of $ 554 million in a quarter of 2024, which reached out of programming for one time and restructuring fees. EPS was 29 cents per share.
Broadcast revenues increased by $ 2 to $ 2 billion with Paramount+ 16 % leap driving in subscription revenues. Advertising sales decreased by 9 % – 8 % of the Super Bowl Comps. The losses narrowed sharply to $ 109 million from 286 million dollars, and Paramount confirmed plans for DTC to reach local profitability this year – a landmark in Wall Street.
Paramount+ 1.5 million net subscribers added, March ends with 79 million. The series, post -theater versions, CBS Primetime and SPORTS led to the subscriptions, said Par. It included highlights Landmanand 1923, Miblland and Yellowjackets.
Pluto TV presented its highest consumption with a total hours at the local and global levels.
In the television media section, CBS is preparing to be the most early watched network for the seventeenth season in a row with the help of Tracker and Mate. Advertising revenues decreased by 21 %, but previous previous previous companies. Sports programming acquired fans led by the AFC Championship in January, which reached an average of 57.4 million viewers, which is the independent record in the AFC and the largest total championship for the conference in 15 years.
The subordinate and subscription revenues have decreased by 9 % on linear declines and the effect of modern renovations, and are supposed to be at lower rates. The profit of the operation of TV media decreased by 36 % to $ 922 million on revenues of $ 4.54 billion.
The revenue of the entertainment increased by 4 %, and the play fell 3 %. Q1 took advantage of the transfer Sonique Al -Qunfu 3 and The second wrestler From Q4 for 2024 and the first quarter in the first quarter 2025 versions of Novocaine. The quarter of the year was more Bob Marley: One lovethe It means girls Restart and BeesP.
Sonic The swing helped in profits to $ 20 million from a loss of $ 3 million.
“We are very happy with our performance in the quarter driven by a strong content menu and concentrated implementation,” said Co-CoS George Cheeks, Chris McCarthy and Bian Robbins. “These impressive results were driven by our talented teams and creative partners, and we are grateful for their contributions.”
The trio will host a call with analysts at 4:30 pm.
