Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
Source: [CNBC](https://www.cnbc.com/2026/08/04/paramount-skydance-psky-earnings-q2-2026.html)
The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
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Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7. 8 billion, topping Wall Street forecasts.
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The company's share price plummeted in the wake of its earnings release. Billboard analyzes the reasons behind the dip.