According to Skydance's third-quarter earnings released on November 9, the media giant announced it will achieve $6 billion in annual cost reductions over three years following its October merger with Warner Bros. Discovery. The company targets completing approximately 30% of cuts in the first year, with $2.2 billion from corporate and real estate expenses, $1 billion from marketing (about 20%), and approximately $1.4 billion from technology costs.

Paramount+ revenue grew 21% in the quarter, while the broader Paramount business saw revenue increase 5% to $7 billion. Skydance plans to launch an HBO Max and Paramount+ streaming bundle within approximately one year. The combined company projects negative cash flow in 2026 with a target of positive $10 billion cash flow by 2030, while maintaining annual content spending exceeding $30 billion. The merger created one of the world's largest media companies with 203 million combined streaming subscribers.

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