Paramount Skydance outlines $30B 2026 revenue target as company accelerates D2C and content investment

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• For '26, we know there's going to be about $800 million of transactional and transformation costs. So on a reported basis, it will be negative. But on an adjusted basis, taking out those kind of onetime items, it will still be positive.

  80% confidence

• Incremental programming investments exceeding $1.5 billion across theatrical and direct-to-consumer platforms in the coming year

  80% confidence

• We launched the new Paramount just 96 days ago. And as we approach the 100-day mark, we're encouraged by the meaningful progress we've made in a relatively short time.

  80% confidence

• We have increased our run rate efficiency target from $2 billion to at least $3 billion

  80% confidence

• We definitely want to get to investment grade so that we do want to get delever. And three, the goal is to have high cash flow conversion as we get through the initial investment cycle.

  80% confidence

• 2026 total revenue target of $30 billion driven by strong growth in direct-to-consumer revenue and global profitability

  80% confidence

• In Q3, we added 1.4 million new subscribers for a total of 79 million

  80% confidence

• Plan to grow theatrical output to at least 15 movies per year over the next few years, beginning in 2026

  80% confidence

• UFC described as a 'unicorn' asset to drive year-round engagement and subscriber growth

  80% confidence

• Paramount+ is a top three most sought-after streaming platform over the past 12 months

  80% confidence

• 2026 adjusted OIBDA target of $3.5 billion

  80% confidence