Paramount’s Strategic Spending, Earnings Beat, and New Streaming Release Highlight August 27, 2025

August 27, 2025 - Paramount Global continued its aggressive strategic overhaul today, combining blockbuster content investments, a strong quarterly financial performance, and fresh streaming offerings.

Content Spending Spree Accelerates Under New Leadership David Ellison, CEO of the newly merged Paramount Skydance Corp., has unleashed a $7.7 billion deal to secure UFC media rights alongside multi-billion-dollar pacts for “South Park” and the Duffer Brothers’ projects. This massive spending push reflects Ellison’s ambition to restore Paramount as a top creative destination and nearly double its annual theatrical film output to 15 releases, eventually scaling to 20. However, the spending comes amid plans for over 2,000 layoffs and a commitment to $2 billion in cost cuts to streamline operations post-merger.

Q2 Earnings Exceed Expectations Earlier this morning, Paramount Global reported second-quarter results that beat Wall Street’s forecasts. Revenue held steady at $6.85 billion, matching consensus, while adjusted EPS of $0.46 topped estimates by 24.6%. Improved margins-5.8% operating and a 1.1% free cash flow margin-underscore operational efficiency even as advertising headwinds persist. Paramount+ subscriber growth and strong Direct-to-Consumer revenue were key drivers.

Paramount+ Debuts “Liberation: D-Day to Berlin” On the streaming front, Paramount+ added the new historical documentary series “Liberation: D-Day to Berlin” today. The six-part season chronicles Allied operations from Normandy through the fall of Berlin, reinforcing Paramount+’s commitment to premium original and exclusive content.