Paramount Skydance Corporation Form 8-K Filing Summary

Paramount Skydance Corporation has announced a restructuring of its reporting segments effective 2026. The company has transitioned to three new segments: Studios, Direct-to-Consumer, and TV Media. This change includes updated segment expense allocations, with certain centralized costs now reported under corporate expenses. Additionally, the primary measure of segment profitability has shifted from Adjusted OIBDA to Adjusted EBITDA. The company is providing supplemental unaudited historical financial information for 2025, recast to reflect these changes, to allow investors to review the periods in advance of the Form 10-Q filing. Financial results for 2025 are presented for both "Predecessor" (prior to August 7, 2025) and "Successor" (on or after August 7, 2025) periods, following the closing of certain transactions. The filing includes detailed financial information for each segment, including revenues, expenses, and Adjusted EBITDA, along with reconciliations to GAAP measures.