Paramount Skydance (PSKY) 10-K Summary — Year Ended Dec 31, 2025
Paramount Skydance Corporation reported a net loss and negative operating income for the fiscal year, despite generating positive operating cash flow. Revenue declined sharply compared to prior periods, reflecting significant contraction in the business.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Paramount Skydance Corporation reported a net loss and negative operating income for the fiscal year, despite generating positive operating cash flow. Revenue declined sharply compared to prior periods, reflecting significant contraction in the business.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$12.3B
Revenue reported for the fiscal year.
Operating income
-$95M
Income from operations reported for the year.
Net income
-$586M
Net income reported for the year.
Operating cash flow
$485M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $29.7B | n/a |
| Dec 31, 2024 | $29.2B | -1.5% |
| Aug 6, 2025 | $16.6B | -43.1% |
| Dec 31, 2025 | $12.3B | -26.2% |
Business overview
The company operates in the media and entertainment industry, as described in its Business overview section. The filing does not provide further details on specific segments or operations.
Financial performance
Revenue for the fiscal year was reported at the supplied figure, with a trend showing a substantial decline from the prior year and from earlier periods. Operating income was negative, and net income was also negative, while operating cash flow remained positive.
Material risks
The filing includes a Risk Factors section, but the supplied context does not specify any individual risks. Readers should refer to the full filing for details on potential material risks.
Liquidity and capital
The Liquidity and Capital Resources section discusses cash flows and outstanding debt, but the supplied context does not provide specific figures or allocation themes beyond the cash flow metrics.
What to watch
Monitor the trend in revenue and whether the company can reverse the decline shown in the supplied metrics.