Paramount Skydance has unveiled its first quarter three figures as a merged entity, confirming that the subscription price for Paramount+ will soon go up for US subscribers. Starting January 15, 2026, the price for Paramount+ Essential will rise by $1 to $8.99 per month, and Premium (including Showtime) will be $13.99. Yearly subscriptions with ads will increase by $30 to $89.99, and by $20 to $139.99 for the ad-free tier. Free trials will also be discontinued. No price adjustments have been announced for other regions at this time.

Paramount Skydance reported a Q3 revenue of $6.7 billion (€5.7 billion), with a net loss of $257 million. Direct-to-consumer revenue saw a 17% increase, traditional TV revenue decreased by 12%, and film revenue rose by approximately 30%. The studio plans to release 15 theatrical movies annually starting in 2026. The company has raised its cost-savings target to $3 billion, up from the previous $2 billion, and has initiated layoffs and asset sales.

In a letter to shareholders, Paramount Skydance expressed satisfaction with the progress made since the launch of the new Paramount. The company aims to honor its rich history while investing in storytelling, technology, and growth opportunities for the future. Paramount Skydance highlighted its portfolio of brands and assets, positioning itself for future growth and audience engagement.

The company’s vision is to become a global hub for top-tier storytelling, leveraging its studios, broadcast network, and streaming platform to deliver compelling content worldwide. Paramount aims to lead in the evolving entertainment landscape by adapting and excelling in media and entertainment. The company projects total revenue of $30 billion in 2026, driven by a significant increase in direct-to-consumer revenue.

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