Paramount Skydance (PSKY) Climbs 9.77% on $30-Billion Revenue Bets

We recently published 10 Stocks on a Hot Streak. Paramount Skydance Corp. (NASDAQ:PSKY) is one of the best-performing stocks on Tuesday.

Paramount Skydance rallied for a third day on Tuesday, jumping 9.77 percent to close at $16.74 apiece as investor sentiment was fueled by the company’s $30 billion revenue target for next year.

In an updated report, Paramount Skydance Corp. (NASDAQ:PSKY) said that the revenues would come from an expected healthy acceleration in direct-to-consumer (DTC) revenue.

“We expect 2026 adjusted OIBDA (Operating Income Before Depreciation and Amortization) of $3.5 billion and are increasing our run-rate efficiency target from $2 billion to at least $3 billion,” it said.

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For the fourth quarter of 2025, revenues are targeted at $8.1 billion to $8.3 billion, or a growth of 1.4 percent to 4 percent year-on-year, still to be led by an expected strong DTC business, which would partially offset declines in TV media and filmed entertainment.

Last quarter, Paramount Skydance Corp. (NASDAQ:PSKY) incurred $257 million in attributable net loss, reversing a $1 million net income in the same period last year.

Revenues ended at $6.7 billion, flat from the same comparable period. Of the total, the DTC business increased by 17 percent, primarily driven by Paramount+ revenues, while the filmed entertainment business grew by 30 percent.

The TV media, on the other hand, declined by 12 percent year-on-year amid lower advertising revenues, including an 8-percentage point headwind from political spending, among others.

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Disclosure: None. This article is originally published at Insider Monkey.