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A federal judge has set a March 2027 trial date for the antitrust challenges to Paramount’s acquisition of Warner Bros. Discovery.

The headline numbers for Paramount Skydance (PSKY) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Paramount Skydance reaffirmed plans to close its Warner Bros. Discovery merger even as the deal faces an antitrust challenge.

Multinational media and entertainment corporation Paramount (NASDAQ:PSKY) reported Q2 CY2026 results beating Wall Street’s revenue expectations, but sales were flat year on year at $6.91 billion. The company expects next quarter’s revenue to be around $7.05 billion, close to analysts’ estimates. Its non-GAAP profit of $0.18 per share was in line with analysts’ consensus estimates.

Paramount’s streaming service continued to grow in the latest quarter, helping to narrowly offset another sales decline for its television unit.

Paramount Skydance reported mixed second-quarter results on Tuesday, with higher streaming and studio revenue offsetting declines in television, as the company works to close its ‌planned $110 billion acquisition of Warner Bros. Discovery. Ellison reiterated that ​he fully expects "the transaction to close."

Aug 4 (Reuters) - Lawsuits challenging Paramount Skydance's acquisition of Warner Bros. ‌Discovery will go to trial in March ‌2027, a federal judge in California ruled on Tuesday.

A California federal judge said Tuesday that the antitrust trial will begin March 2 with an expectation that it will run for 12 court days. The timeline the judge laid out in a written order is much later than the November 2026 start date Paramount had sought. The order will prove costly for Paramount.

📣 "I believe this fight is not really about market share...The issue is whether I can be trusted as a steward of Warner’s CNN...When it comes to our news operations, I do not aspire to lead these companies to bend their newsrooms to my views.

Vince Lombardi once said “We didn’t lose the game; we just ran out of time.” Hollywood has seen this movie before, and only a decade ago.

Multinational media and entertainment corporation Paramount (NASDAQ:PSKY) will be reporting results this Tuesday after the bell. Here’s what investors should know.

Video podcasting and gaming could be revenue generators for Netflix, but there isn't anything on the immediate horizon to help reverse stock price losses.

Watch 1st LA CorpGov Forum Highlights: CorpGov will host the second LA CorpGov Forum on Friday, Sept. 18, 2026 at The Huntington Library in San Marino, California. The forum will begin at 2:00pm and feature an afternoon of panels, firesides and networking, followed by a networking reception at 5:00pm with cocktails and hors d’oeuvres. This […] The post Preliminary Speakers: 2nd LA CorpGov Forum Sep 18 Featuring Sports, Entertainment, VC & PE appeared first on CorpGov.

California’s governor warns that an antitrust lawsuit threatening the media mega-merger could severely damage local entertainment industry jobs.

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sect

The California governor has told people involved in the suit that blocking the $81 billion deal could harm Hollywood jobs.

PSKY heads into Q2 earnings with streaming growth, studio trends and Warner Bros. Discovery deal progress in focus.

European Commission clears Paramount Skydance's acquisition of Warner Bros. Discovery on competition grounds, marking a key regulatory step in Europe. Approval follows earlier international reviews and sits alongside ongoing legal challenges in the US as of late July 2026. Warner Bros. Discovery, ticker NasdaqGS:WBD, also outlines plans to expand its use of generative AI with a focus on growth and creator support. The company highlights content development and production workflows as core...

David Ellison insists his blockbuster media merger is still on track, but a legal standoff with a coalition of state attorneys general is about to flip an abstract delay into a very concrete and very expensive problem.

A signed $31 cash deal, two regulators' blessings, and one courtroom standing between shareholders and the payout.

Rock-bottom prices don’t always mean rock-bottom businesses. The stocks we’re examining today have all touched their 52-week lows, creating a classic investor’s dilemma: bargain opportunity or value trap?

The promise hasn't changed since December. The stock behind the man who made it has been cut by more than half.

The entertainment giant reported a notable insider sale as legal challenges surfaced against its merger with Warner Bros. Discovery.

(Bloomberg) -- Larry Ellison and his family would be on the hook for $9.8 billion if Paramount Skydance Corp.’s deal to buy Warner Bros. Discovery Inc. falls apart.Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeApple Set to Make Big Smart Home Push With Siri AI at CenterASML Slides on Report of China Starting DUV Tool ProductionParamount, which

Paramount Skydance had been pushing to close its $110 billion acquisition of Warner Bros. Discovery by the end of September. It picked the wrong month to be optimistic. A coalition of 12 state attorneys general sued to block the deal on July 13, a federal judge issued a temporary restraining order ...

Paramount Skydance has agreed to a deal that could stretch completion of its merger to June 2027. The companies are stuck in limbo until then, given that WBD agreed in principle for the deal.

Warner Bros. Discovery stock Monday hit its lowest point since the company’s merger with Paramount Skydance was reached in February as Wall Street appears to be putting little more than a 50% chance that the deal will get done. Warner Bros. stock dropped 1.8% Monday to $25.28, ending about 18% below the $31-a-share cash offer from Paramount, whose stock also declined Monday. Warner Bros. stock had been trading around $27 in June.

Investing.com -- Seaport Research Partners downgraded Warner Bros Discovery to Neutral from Buy, arguing that a prolonged delay to its proposed acquisition by Paramount Skydance reduces the attractiveness of the stock despite potential upside if the transaction is ultimately completed. The downgrade follows Paramount Skydance's decision to put the acquisition on hold until as late as June 1, 2027, as it seeks to address legal challenges from the Writers Guild and several U.S. state attorneys gen

Steer clear of the entertainment company’s shares for now—there’s just not enough regulatory clarity for investors.

The companies can’t combine yet, meaning promised cost savings and strategic moves are on hold while rivals push ahead.