Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing PSKY more generously than it does today.
Analysis OverviewSellUpdated Jun 18, 2026
Paramount Skydance Corporation Class B Common Stock (PSKY) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Sell
Covering
29
analysts
8 bullish · 11 bearish · 29 covering PSKY
Strong Buy
0
Buy
8
Hold
10
Sell
11
Strong Sell
0
Consensus Target
$10
+0.6% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
29
Published analyst ratings
Valuation Context
15.8x
Forward P/E · Market cap $10.8B
PSKY price targets
Three scenarios for where PSKY stock could go
Current
~$10
Confidence
48 / 100
Updated
Jun 18, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Paramount Skydance Corporation Class B Common Stock
PSKY · NASDAQCommunication ServicesEntertainmentDecember year-end
Paramount Skydance Corporation is a major media and entertainment company that operates television networks, produces films and TV shows, and runs streaming services. It generates revenue through advertising on its TV networks and streaming platforms, subscription fees from its Paramount+ and other streaming services, and licensing content from its film and television studios. The company's competitive advantage lies in its extensive content library — including iconic franchises like Star Trek and Mission: Impossible — and its multi-platform distribution ecosystem that spans broadcast, cable, and streaming.
Market Cap
$10.8B
Revenue TTM
$29.4B
Net Income TTM
-$226M
Net Margin
-0.8%
PSKY Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
58%Exceptional
vs consensus estimates
Avg EPS Surprise
+235.3%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 2025
EPS
$0.46/$0.41
Revenue
$6.8B/$6.8B
Q4 2025
EPS
$0.49/$0.13
Revenue
$6.7B/$8.2B
Q1 2026
EPS
$-0.12/$-0.02
Revenue
$8.5B/$7.3B
Q2 2026
EPS
$0.23/$0.15
Revenue
$7.3B/$7.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.46/$0.41 | +12.2% | $6.8B/$6.8B | +1.2% |
| Q4 2025 | $0.49/$0.13 | +276.9% | $6.7B/$8.2B | -18.0% |
| Q1 2026 | $-0.12/$-0.02 | -500.0% | $8.5B/$7.3B | +16.5% |
| Q2 2026 | $0.23/$0.15 | +53.3% | $7.3B/$7.3B | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$29.9B
+1.7% YoY
FY2
$30.4B
+1.9% YoY
EPS Outlook
FY1
$-0.24
-18.9% YoY
FY2
$-0.44
-81.1% YoY
Trailing FCF (TTM)$462M
FCF Margin: 1.6%
Next Earnings
July 30, 2026
Expected EPS
$0.12
Expected Revenue
$6.9B
PSKY beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
PSKY Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $29.2B
Product Mix
Latest annual revenue by segment or product family
Affiliate And Subscription
45.0%
+13.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
81.1%
-3.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Affiliate And Subscription is the largest disclosed segment at 45.0% of FY 2024 revenue, up 13.9% YoY.
UNITED STATES is the largest reported region at 81.1%, down 3.0% YoY.
PSKY Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $7 — implies -32.0% from today's price.
Premium to Fair Value
32.0%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
PSKY
-1.1x
vs
S&P 500
24.4x
104% discount
vs Communication Services Trailing P/E
PSKY
-1.1x
vs
Communication Services
15.3x
107% discount
vs PSKY 5Y Avg P/E
Today
-1.1x
vs
5Y Average
7.4x
114% discount
Forward PE
15.8x
S&P 500
18.8x
-16%
Communication Services
11.3x
+39%
5Y Avg
—
—
Trailing PE
-1.1x
S&P 500
24.4x
-104%
Communication Services
15.3x
-107%
5Y Avg
7.4x
-114%
PEG Ratio
—
S&P 500
1.66x
—
Communication Services
0.64x
—
5Y Avg
—
—
EV/EBITDA
—
S&P 500
15.2x
—
Communication Services
9.6x
—
5Y Avg
8.0x
—
Price/FCF
22.1x
S&P 500
20.7x
+7%
Communication Services
11.4x
+94%
5Y Avg
33.1x
-33%
Price/Sales
0.4x
S&P 500
3.1x
-88%
Communication Services
1.0x
-64%
5Y Avg
0.4x
-4%
Dividend Yield
0.44%
S&P 500
1.91%
-77%
Communication Services
3.43%
-87%
5Y Avg
3.04%
-86%
| Metric | PSKY | S&P 500 | Communication Services | 5Y Avg PSKY |
|---|---|---|---|---|
| Forward PE | 15.8x | 18.8x-16% | 11.3x+39% | — |
| Trailing PE | -1.1x | 24.4x-104% | 15.3x-107% | 7.4x-114% |
| PEG Ratio | — | 1.66x | 0.64x | — |
| EV/EBITDA | — | 15.2x | 9.6x | 8.0x |
| Price/FCF | 22.1x | 20.7x | 11.4x+94% | 33.1x-33% |
| Price/Sales | 0.4x | 3.1x-88% | 1.0x-64% | 0.4x |
| Dividend Yield | 0.44% | 1.91% | 3.43% | 3.04% |
PSKY trades above S&P 500 benchmarks on 0 of 4 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolPSKY Financial Health
Verdict
Stressed
Key financial metrics for PSKY are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$29.4B
Revenue Growth
TTM vs prior year
+2.3%
Gross Margin
Gross profit as a share of revenue
34.8%
Operating Margin
Operating income divided by revenue
-18.0%
Net Margin
Net income divided by revenue
-0.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-0.20
Free Cash Flow (TTM)
Cash generation after capex
$462M
FCF Margin
FCF as share of revenue — the primary cash quality signal
1.6%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-14.7%
ROA
Return on assets, trailing twelve months
-0.5%
Cash & Equivalents
Liquid assets on the balance sheet
$3.3B
Net Debt
Total debt minus cash
$11.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
24.0× FCF
~24.0 years to full repayment at current FCF run-rate
ROE *
Return on equity, trailing twelve months
-1.6%
* Elevated by buyback-compressed equity — compare ROIC (-14.7%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.4%
Dividend
0.4%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.04
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
1.1B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
Open full ratios pagePSKY Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Post-merger uncertainties
Analysts highlight uncertainties surrounding the planned acquisition of Warner Bros. Discovery, creating potential risks for PSKY's stock performance.
Medium
Streaming competition
Paramount+ faces intense competition in the crowded direct-to-consumer streaming market, which could pressure subscriber growth and profitability.
Medium
Content production risks
As a major content producer, PSKY is exposed to risks related to production delays, high costs, and fluctuating audience preferences.
Lower
Market valuation concerns
Analysts assign a Sell rating with a modest upside, suggesting potential overvaluation or limited growth prospects in the near term.
High Risk
Integration challenges
The merger with Warner Bros. Discovery could face operational and cultural integration challenges, impacting financial performance.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why PSKY Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Streaming subscriber growth
Paramount+ has reached 79.6 million subscribers, indicating strong momentum in the streaming segment.
Strategic merger and acquisition
The merger of Paramount Global and Skydance Media, along with the acquisition of Warner Bros. Discovery, positions PSKY as a dominant player in media and entertainment.
Content library expansion
The combined entity boasts over 15,000 films and premium entertainment content, enhancing its competitive edge.
Analyst price target upside
With a consensus price target of $11.50 and current trading at $10.30, PSKY offers a potential upside of +11.7%.
Diverse multimedia portfolio
Paramount Skydance's portfolio includes CBS, CNN, HBO Max, and Paramount+, providing diversified revenue streams.
Global entertainment reach
Paramount is a leading producer of premium content, connecting billions of people worldwide across nearly every country.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
PSKY Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$9.94
52W Range Position
11%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$8.62
+15.4% from the low
52-Week High
$20.86
-52.3% from the high
1 Month
+1.22%
3 Month
+10.44%
YTD
-24.6%
1 Year
-17.4%
3Y CAGR
-15.1%
5Y CAGR
-24.3%
10Y CAGR
-15.6%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
PSKY vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
15.8x
vs 12.8x median
+23% above peer median
Revenue Growth
+1.7%
vs +5.6% median
-69% below peer median
Net Margin
-0.8%
vs 11.5% median
-107% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
PSK PSKY Paramount Skydance Corporation Class B Common Stock | $10.8B | 15.8x | +1.7% | -0.8% | Sell | +0.6% |
WBD WBD Warner Bros. Discovery, Inc. | $65.7B | — | +5.6% | -5.8% | Hold | +17.6% |
DIS DIS The Walt Disney Company | $180.4B | 15.2x | +5.3% | 11.5% | Buy | +34.0% |
FOX FOXA Fox Corporation | $22.9B | 10.3x | +6.6% | 10.6% | Hold | +35.2% |
CMC CMCSA Comcast Corporation | $81.7B | 6.4x | +3.1% | 14.8% | Buy | +40.3% |
NFL NFLX Netflix, Inc. | $327.9B | 21.7x | +13.0% | 24.3% | Buy | +44.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
PSKY Dividend and Capital Return
PSKY returns 0.4% total yield, led by a 0.44% dividend.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
0.4%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.44%
Payout Ratio
—
How PSKY Splits Its Return
Div 0.44%
Dividend 0.44%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.04
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
-40.7%
5Y Div CAGR
-26.9%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
1.1B
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.10 | — | — | — |
| 2025 | $0.20 | 0.0% | 0.0% | 0.3% |
| 2024 | $0.20 | -48.7% | 0.0% | 2.0% |
| 2023 | $0.39 | -59.4% | 0.0% | 3.9% |
| 2022 | $0.96 | 0.0% | 0.3% | 6.0% |
FAQ
7 questionsPSKY Investor Questions
Common questions answered from live analyst data and company financials.
01Is Paramount Skydance Corporation Class B Common Stock (PSKY) stock a buy or sell in 2026?
Paramount Skydance Corporation Class B Common Stock (PSKY) is rated Sell by Wall Street analysts as of 2026. Of 29 analysts covering the stock, 8 rate it Buy or Strong Buy, 10 rate it Hold, and 11 rate it Sell or Strong Sell. The consensus 12-month price target is $10, implying +0.6% from the current price of $10.
02What is the PSKY stock price target for 2026?
The Wall Street consensus price target for PSKY is $10 based on 29 analyst estimates. The high-end target is $10 (+0.6% from today), and the low-end target is $10 (+0.6%).
03Is Paramount Skydance Corporation Class B Common Stock (PSKY) stock overvalued in 2026?
PSKY trades at 15.8x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Paramount Skydance Corporation Class B Common Stock (PSKY) stock in 2026?
The primary risks for PSKY in 2026 are: (1) Post-merger uncertainties — Analysts highlight uncertainties surrounding the planned acquisition of Warner Bros. (2) Integration challenges — The merger with Warner Bros. (3) Streaming competition — Paramount+ faces intense competition in the crowded direct-to-consumer streaming market, which could pressure subscriber growth and profitability. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Paramount Skydance Corporation Class B Common Stock's revenue and earnings forecast?
Analyst consensus estimates PSKY will report consensus revenue of $29.9B (+1.7% year-over-year) and EPS of $-0.24 (-18.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $30.4B in revenue.
06When does Paramount Skydance Corporation Class B Common Stock (PSKY) report its next earnings?
Paramount Skydance Corporation Class B Common Stock is expected to report its next earnings on approximately 2026-07-30. Consensus expects EPS of $0.12 and revenue of $6.9B. Over recent quarters, PSKY has beaten EPS estimates 83% of the time.
07How much free cash flow does Paramount Skydance Corporation Class B Common Stock generate?
Paramount Skydance Corporation Class B Common Stock (PSKY) generated $462M in free cash flow over the trailing twelve months — a free cash flow margin of 1.6%. PSKY returns capital to shareholders through dividends (0.4% yield) and share repurchases ($0 TTM).