Quartz·1 min read·medium
Paramount Skydance is raising its profit outlook as streaming gains offset cable TV slide
✦AI Summary
Paramount Skydance has increased its profit outlook, citing cost savings from their recent merger. Growth in streaming services has successfully offset the ongoing decline in cable television revenue.
The company lifted its adjusted EBITDA guidance to $3.8 billion–$3.9 billion, crediting savings from last year's Skydance merger
businessentertainment
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