Skydance Officially Closes Deal To Merge With Paramount

(Eric Thayer/Getty Images)

Paramount Skydance says its DTC streaming biz will be profitable this year

The studio reported its third-quarter earnings on Monday, the first since the Skydance takeover, and now sees $3 billion in cost savings (up from $2 billion).

Max Knoblauch

11/10/25 4:43PM

Paramount Skydance, the product of an $8 billion merger that closed in August, reported third-quarter earnings results on Monday.

Shares climbed in after-hours trading — gains that the stock has held onto into Tuesday morning, with the stock up 5% as of 7:26 a.m. ET. — as the company said it expects its direct-to-consumer streaming business to achieve full-year profitability this year. It said the business, which it calls its top priority, will grow in profitability next year.

The company also said that it now expects annual opex savings from the merger of $3 billion a year, up from previous estimates for $2 billion of cost savings.

Paramount+ ended the quarter with 79.1 million subscribers, better than Wall Street expected and reflecting a 1.4 million subscriber bump from Q2.

Streaming revenue climbed to $2.17 billion, exceeding expectations and up about 17% from the same period last year. Most of that growth came from a 24% jump in Paramount+ revenue. Revenue for the network’s TV business fell 12% from last year to $3.8 billion, driven by a decline in advertising.

The combined company posted adjusted earnings per share of $0.12 in the August 7 through September period (after the merger between Paramount and Skydance closed). For the part of the quarter before the transaction closed, the company posted an adjusted loss of $0.24.

The studio has placed itself at the center of controversy and consolidation in recent months. In July, it announced it would end “The Late Show with Stephen Colbert” (and the broader “Late Show” franchise) in May 2026. Many suspected the move to be politically motivated, with the goal of appeasing the Trump administration, since the company highlighted the show as a “#1” in its second-quarter earnings. In August, Paramount announced a $7.7 billion deal with TKO for the streaming rights to UFC. More recently, the company has reportedly made at least three offers to buy rival Warner Bros. Discovery, all of which were rejected.

Paramount isn’t the only entertainment player interested in WBD, though. Warner CEO David Zaslav met with Comcast executives last week. Both Comcast and Netflix have reportedly hired banks to explore a bid for the HBO parent in recent weeks.

Max Knoblauch5/29/26

The Trump administration is reportedly planning a 50% made-in-America requirement for USMCA tariff relief

Qualifying for USMCA-related lower tariffs may soon require more US-made vehicle components, according to reporting by The Wall Street Journal.

The Trump administration is reportedly planning to introduce a 50% US content requirement for vehicles covered by the trade pact to receive lower tariffs. The content would be measured by cost, according to the WSJ.

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

Exclusive | Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in America

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Tom Jones5/29/26

The $640,000 Luce makes the average Ferrari look like a bargain

Put aside the shape; put aside the smoothing out of Ferrari’s iconic sharp edges; put aside, even, the calls from former Chairman and President Luca Cordero di Montezemolo to “take the Prancing Horse off.” On the grounds of price alone, Luce detractors might have a point.

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.