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Paramount Making 'Great Progress' on Warner Bros. Buy
Originally published May 4, 2026
By Alex Weprin · The Hollywood Reporter — Movies
AI-generated summary based on The Hollywood Reporter — Movies · Aggregated by Filmarian · Human-reviewed and approved on Jun 4, 2026
Key points
- Paramount reported revenue of $7.35 billion and adjusted EBITDA of $1.16 billion in Q1.
- Paramount+ saw 17% year-over-year subscriber growth despite a one million hit from the loss of a hard bundle.
- The company reaffirmed its target to close the Warner Bros. Discovery acquisition in late Q3.
Paramount reported year-over-year revenue and adjusted EBITDA growth in Q1 as it works to transform the assets it acquired last year. The company also stated it is 'making great progress' on its deal to acquire Warner Bros. Discovery, with a late Q3 target close still on track.
Read the original story: The Hollywood Reporter — Movies