Paramount Skydance Corp-B 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the quarterly period ended March31, 2026OR 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) (Address of principal executive offices) (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 April30, 2026: Class A Common Stock, par value $.001 per share—31,500,087 Class B Common Stock, par value $.001 per share— 1,087,672,971 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)8Item2.Management’s Discussion and Analysis of Results of Operations and FinancialCondition.38Item3.Quantitative and Qualitative Disclosures About Market Risk.67Item4.Controls and Procedures.67PART II – OTHER INFORMATIONItem 1.Legal Proceedings.68Item 1A.Risk Factors.68Item2.Unregistered Sales of Equity Securities and Use of Proceeds.74Item6.Exhibits.75 CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited; in millions, except per share amounts) 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 Animation, Film, Television, Interactive/Games, and Paramount SportsEntertainment. Beginning in 2026, we transitioned our reporting structure into three new segments:Studios,Direct-to-Consumer, andTV Media(see Note 13). References to “Paramount,” the “Company,” “we,” “us” and “our” refer to ParamountSkydance Corporation and its consolidated subsidiaries, unless the context otherwise requires. Warner Bros. Discovery Merger—On February 27, 2026, Paramount and Warner Bros. Discovery, Inc. (“WBD”) announced adefinitive merger agreement (the “WBD Merger Agreement”) under which Paramount will acquire WBD (the “WBD Merger”).The WBD Merger is expected to close by the end of the third quarter of 2026, subject to customary closing conditions,including regulatory clearances. Under the terms of the WBD Merger Agreement, Paramount will pay $31.00 per WBD share to acquire all outstanding shares ofWBD, which at the time of the WBD Merger Agreement represented an equity value of $80.9billion, and will assume WBD’snet debt. At December 31, 2025, WBD’s debt (excluding finance leases) was comprised of $17.8billion of s