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Skydance (PSKY) Q1 FY2026 earnings: revenue $7.3 billion, up 2.2% on the year

The filings did not come through on the latest nightly rebuild, so these figures are as published on 24 October 2026. The page is rebuilt every night.

Skydance Corp. (PSKY) reported revenue of $7.3 billion for Q1 FY2026, the quarter ended 31 March 2026, up 2.2% on the same quarter a year earlier. Net income was $168 million, up 10.5% on the year, and diluted earnings per share $0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 4 May 2026.

Revenue$7.3 billionup 2.2%
Net income$168 millionup 10.5%
Diluted EPS$0.15
QuarterQ1 FY2026ended 31 March 2026

What management said

Guidance figures: 2 new, 4 kept.

  • Revenue grew 2% on profit above estimates: First-quarter revenue was $7.3 billion, up 2% year-over-year. Operating income was $616 million, an 8% margin, including $103 million of transaction-related costs.
  • DTC revenue up 11% led by Paramount+: DTC revenue rose 11% to $2.4 billion. Paramount+ revenue grew 17%, and the company reported DTC adjusted EBITDA of $251 million, a 10% margin.
  • Subscriber base grew despite hard bundle exits: Underlying subscriber growth was nearly 2 million. The company exited over 1 million international hard bundle subscribers, which lowered reported net adds and improved subscriber quality.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ1 FY2026Q4 FY2025Q1 FY2025Change on the year
Revenue7,3478,1487,192+2.2%
Selling, general and administrative1,4111,7691,543-8.6%
Operating income616-339550+12.0%
Operating margin8.4%-4.2%7.6%
Interest expense238228217+9.7%
Pre-tax income392-598334+17.4%
Income tax155-125100+55.0%
Effective tax rate39.5%n/a29.9%
Net income168-573152+10.5%
Net margin2.3%-7.0%2.1%
Diluted EPS$0.15n/a$0.22-31.8%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2026Q4 FY2025Q1 FY2025Change on the year
Operating cash flow185217180+2.8%
Capital expenditure89.011657.0+56.1%
Free cash flow96.0101123-22.0%
Free cash flow margin1.3%1.2%1.7%
Cash from investing-2,976-118-69.0n/a
Cash from financing1,484-90.0-139n/a
Depreciation and amortisation36236488.0+311.4%
Share-based compensation80.010144.0+81.8%
Dividends paid61.057.036.0+69.4%
Dividend per share$0.05n/a$0.05+0.0%
Diluted shares, weighted1,118mn/a678m+64.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2026Q4 FY2025Q1 FY2025Change on the year
Shareholders' equity11,70511,69316,538-29.2%
Non-controlling interest1,0441,194390+167.7%
Debt15,48313,65814,507+6.7%
Operating lease liabilities1,1121,1501,020+9.0%
Other liabilities15,14415,64712,941+17.0%
Total liabilities and equity44,48843,34245,396-2.0%
Fixed assets2,2052,1951,519+45.2%
Goodwill1,6221,60010,488-84.5%
Intangible assets5,9546,2382,404+147.7%
Cash and equivalents1,9413,2742,673-27.4%
Receivables6,8506,6156,835+0.2%
Other assets25,91623,42021,477+20.7%
Total assets44,48843,34245,396-2.0%

Questions

What was Skydance's revenue in Q1 FY2026?

Skydance (PSKY) reported revenue of $7.3 billion for Q1 FY2026, the quarter ended 31 March 2026, up 2.2% on the same quarter a year earlier.

How much did Skydance earn in Q1 FY2026?

Net income for Q1 FY2026 was $168 million, up 10.5% on the year, and diluted earnings per share $0.15.

When did Skydance report Q1 FY2026 results?

Skydance filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 4 May 2026.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025 ‡Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue6,6108,0007,3287,7796,9168,1317,2657,6167,1337,6387,6856,8136,7317,9847,1926,8496,7028,1487,3476,913
SG&A1,5261,9911,6191,7101,6702,0341,7531,7831,7361,9731,6621,5791,5311,8861,5431,4011,4071,7691,4111,443
Operating income8792,664775819566182-1,226-250621404-417-5,318337129550399324-339616475
Operating margin13%33%11%11%8%2%-17%-3%9%5%-5%-78%5%2%8%6%5%-4%8%7%
Interest expense243241240230231230226240232222221215209215217214223228238255
Pre-tax income6162,417470519323-46.0-1,463-349376183-635-5,547120-1153340.0114-598392215
Tax rate19%14%7%25%31%n/an/an/a11%41%n/an/a38%n/a30%n/a-126%n/a40%56%
Net income5382,05843341923121.0-1,118-299295514-554-5,4131.0-22415257.0-257-57316841.0
Net margin8%26%6%5%3%0%-15%-4%4%7%-7%-79%0%-3%2%1%-4%-7%2%1%
Diluted EPS$0.80$3.14$0.64$0.62$0.33$0.02-$1.74-$0.48$0.43$0.77-$0.87-$8.12$0.00-$0.35$0.22$0.08n/an/a$0.15$0.04
Operating cash flow-139-699397194-265-107-378-23.043244426059.026516818015993.0217185319
Capital expenditure93.012352.099.077.013071.069.073.011551.049.051.011257.045.078.011689.061.0
Free cash flow-232-82234595.0-342-237-449-92.035932920910.021456.012311415.010196.0258
Buybacks0.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid15615915815715616016615134.038.035.033.034.037.036.034.064.057.061.056.0
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,072mn/an/an/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. ‡ Filed in two parts, up to 6 August 2025 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 4 May 2026: the filing.