Paramount Skydance Corporation shares rise over 10% pre-market, currently trading at $12.30.

Paramount Skydance Corporation shares rise over 10% pre-market, currently trading at $12.30.

Paramount Skydance Shares Surge Over 10% Pre-Market Amid Earnings Beat and Bidding War Developments
February 27, 2026

Shares of Paramount Skydance Corporation (NASDAQ: PSKY) rose more than 10.4% in pre-market trading on February 26, 2026, reaching $11.22 after the company reported better-than-expected fourth-quarter earnings and announced a quarterly dividend. The stock, which closed at $10.16 on February 25, saw increased investor interest amid developments in its ongoing bidding war for Warner Bros. Discovery (WBD).

Paramount Skydance reported quarterly earnings per share (EPS) of $999.00, significantly exceeding the consensus estimate of ($0.02). Revenue totaled $8.15 billion, slightly below the projected $8.17 billion. The company also declared a $0.05-per-share dividend, payable on April 1, with a 1.8% yield based on recent pricing. However, the firm's financials included a negative net margin of 0.95% and a diluted loss widening, driven by challenges in traditional TV advertising and linear-TV revenue.

The stock's rally coincided with a strategic update in the WBD acquisition contest. Paramount raised its bid for WBD to $31 per share and added equity backing to strengthen financing certainty. WBD's board acknowledged the revised proposal as a "Company Superior Proposal," increasing the likelihood of a negotiated deal. While Netflix remains a potential counterparty, market analysts noted uncertainty in the outcome.

Wall Street analysts issued mixed ratings for PSKY. Benchmark and Wells Fargo raised price targets, while Weiss Ratings maintained a "sell" recommendation. The stock's consensus rating remains "Reduce," with an average target price of $14.00. Institutional investors, including Vanguard Group and Invesco Ltd., increased holdings in the fourth quarter, reflecting confidence in long-term prospects.

Despite the pre-market gains, PSKY faces near-term headwinds, including management's revised first-quarter revenue guidance linked to declining traditional TV demand. Investors will closely watch the WBD bidding resolution and the company's ability to balance streaming growth with legacy business challenges.

MarketBeat, February 26, 2026: MarketBeat, February 26, 2026.