Paramount Global said that he expects the merger with Skydance Media to end in the first half of 2025 despite the chatter around the agreement, which requires a green Light of the FCC.
“The completion of Skydance transactions is subject to regulatory approvals and usual closing conditions. Transactions should close in the first half of 2025. Until then, Paramount continues to operate in the normal business course,” said the company in its press release from the first quarter with solid figures at the top of Wall Street forecasts.
Paramount in fact anticipated a fence in the first half since the announcement of the transaction in several parts last summer – before President Donald Trump continued CBS and 60 minutesAnd before the FCC under the president, Brendan Carr, began to examine a complaint against the network and the magazine News by a right group. Long -term 60 minutes Executive producer Bill Owens left last month, quoting the company’s editorial interference. Carr pointed out this week that the trial is on a completely different track from the merger.
The company saw the turnover of the first trip Super Bowl LVIII in the first quarter of the year. Super Bowl Compled Colored Advertising at Linear and Streaming, but sports advertisements, trained football and March Madness experienced a solid first trimester by by, as they did in Disney yesterday and Warner Bros. Discovery earlier during the day.
Paramount has changed a net profit of $ 152 million with a loss of $ 554 million during a quarter of 2024 affected by a single programming and restructuring costs. The adjusted EPS was 29 cents per action.
Streaming income has increased by 9%, exceeding $ 2 billion with paramount + leading to 16% of subscription income. Announcement sales fell 9% to 8% of these spin -offs from the Super Bowl compositions. The losses have been sharply reduced to $ 109 million, compared to $ 286 million and Paramount plans have confirmed that the DTC is reaching domestic profitability this year – a Wall Street milestone is waiting.
Paramount + added 1.5 million new net subscribers, ending in March with 79 million. Series, post-theatrical outings, CBS Primetime and Sports have conducted inscriptions, said by. The stars included Man,, 1923, Moband And Yellow Jackets.
Pluto TV delivered its highest consumption by a total of hours at national and global level.
At the TV media division, CBS is about to be the most watched network in prime time for the 17th consecutive season with the help of Tracker And Matlock. Advertising revenues fell 21% but nearby ex-bols. The sports programming attracted the public led by the AFC championship match in January which reached an average of 57.4 million viewers, the record of all time for AFC and the largest global conference championship in 15 years.
Affiliation and subscription income dropped by 9% on linear cuts and the impact of recent renewals, probably at lower rates. TV media operating profit dropped 36% to $ 922 million over a turnover of $ 4.54 billion.
Filmed entertainment income increased by 4%, the theater decreased 3%. Q1 benefited from the postponement of Sonic the Hedgehog 3 And Gladiator II From the fourth quarter of 2024 and the end of the first quarter of 2025 Novocaine. The more advantageous March quarter had Bob Marley: a loveTHE Wicked girls restart and Beekeeperr.
Sonic Helped the profits from the division of the division at $ 20 million, against a loss of $ 3 million.
“We are very satisfied with our performances in the district drawn by a slate of powerful content and a targeted execution,” said CO-PDG George Cheeks, Chris McCarthy and Brian Robbins. “These impressive results have been motivated by our talented teams and our creative partners, and we are grateful for their contributions.”
The trio will organize a call with analysts at 4:30 am he.
