Paramount Skydance Corp-B 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the quarterly period endedSeptember30, 2025OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the transition period from ____________ to ____________Commission File Number001-42791 Paramount Skydance Corporation (Exact name of registrant as specified in its charter) 99-3917985 (I.R.S. Employer Identification No.) (State or other jurisdiction ofincorporation or organization) 1515 BroadwayNew York,New York10036(Address of principal executive offices)(Zip Code) (212)258-6000(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registere The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ Number of shares of common stock outstanding at November5, 2025: Class B Common Stock, par value $.001 per share—1,071,666,977 PARAMOUNT SKYDANCE CORPORATIONINDEX TO FORM 10-Q PART I – FINANCIAL INFORMATION Item1.Financial Statements.Consolidated Statements of Operations (Unaudited)3Consolidated Statements of Comprehensive Income (Unaudited)4Consolidated Balance Sheets (Unaudited)5Consolidated Statements of Cash Flows (Unaudited)6Consolidated Statements of Stockholders’Equity (Unaudited)7Notes to Consolidated Financial Statements (Unaudited)9Item2.Management’s Discussion and Analysis of Results of Operations and FinancialCondition.46Item3.Quantitative and Qualitative Disclosures About Market Risk.95Item4.Controls and Procedures.95PART II – OTHER INFORMATIONItem 1.Legal Proceedings.96Item 1A.Risk Factors.96Item2.Unregistered Sales of Equity Securities and Use of Proceeds.96Item6.Exhibits.97 CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited; in millions, except per share amounts) PARAMOUNT SKYDANCE CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited; in millions) PARAMOUNT SKYDANCE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS(Unaudited; in millions, except per share amounts) PARAMOUNT SKYDANCE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Tabular dollars in millions, except per share amounts) 1)DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business—Paramount Skydance Corporation is a global media and entertainment company with a portfolio thatincludes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central,Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. TheCompany is comprised ofthreesegments:TV Media,Direct-to-Consumer, andFilmed Entertainment(see Note 13). We are inthe process of transitioning our reporting structure intothreenew segments: Studios, Direct-to-Consumer, and TV Media, whichwill be completed and reflected in our Quarterly Report on Form 10-Q for the first quarter of 2026. References to “Paramount,”the “Company,” “we,” “us” and “our” refer to Paramount Skydance Corporation and its consolidated subsidiaries, unless thecontext otherwise requires. The NAI Transaction—On August 7, 2025, pursuant to a purchase and sale agreement dated July7, 2024, certain affiliates ofinvestors in Skydance Media, LLC (“Skydance”), comprised of entities controlled by the Ellison Family (as defined below),and affiliates of RedBird Capital Partners (collectively the “NAI Equity Investors”), purchased all of the outstanding equityinterests of National Amusements, Inc. (“NAI”), which ha