| Distribution |
| Deadline: Paramount Sees Skydance Merger Closing In First Half As Streaming & ‘Sonic’ Bright Spots In Mixed Q4 Paramount Global confirmed today that despite all the noise it still expects the merger with Skydance to close in the first of the year as the company reported mixed quarterly numbers with misses on the top and bottom lines. Stock-based and other executive compensation was a one-time hit on earnings, Deadline hears. And revenue was softer that Wall Street forecasts. Numbers beat on key cash flow and other metrics. Par swung to a net loss of $224 million for the fourth quarter – from a $514 million profit the year before — on revenue up 5% to $7.98 billion for the quarter. |
