Days before a new ownership team takes control of the company, Paramount Global reported second-quarter earnings that beat analysts’ estimates, crediting lower costs and growth in streaming profit https://t.co/UkKTzaqSIz ...

Exhibit 99 PARAMOUNT REPORTS Q2 2025 EARNINGS RESULTS Continued Progress Transforming to a Streaming First Company with DTC Revenue Growth Outpacing Linear Declines DTC Continued Strong Momentum Driven by Consistent Performance at Paramount+ Powerful Slate of Hit TV Series, Films & Sports Fueled Strong Content Performance Skydance Transactions Expected to Close on August 7, 2025 STATEMENT FROM SHARI REDSTONE, NON-EXECUTIVE CHAIR Over many years, Paramount established itself as an enduring industry leader in ...

Core Viewpoint - Paramount Global announced its financial results for the second quarter ended June 30, 2025, indicating ongoing developments in its media and entertainment operations [1]. Group 1: Financial Results - The company will conduct a conference call to discuss the financial results at 4:30 p.m. (ET) on July 31, 2025 [1]. - An audio replay of the call will be available starting at 7:30 p.m. (ET) on the same day [2]. Group 2: Company Overview - Paramount Global is a leading global media, streaming, and entertainment company, known for creating premium content and experiences for audiences worldwide [3]. - The company's portfolio includes well-known brands such as CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV [3]. - Paramount holds one of the industry's most extensive libraries of TV and film titles, alongside offering innovative streaming services and digital video products [3].

Group 1 - The Federal Communications Commission (FCC) approved Skydance Media's acquisition of Paramount Global for $8 billion, which is approximately 574.44 billion RMB [1] - Skydance has committed to implementing significant reforms at CBS and ensuring a diverse range of political and ideological perspectives in its news and entertainment programming [1] - Skydance has not yet implemented any "Diversity, Equity, and Inclusion" (DEI) initiatives and has pledged not to establish such measures in the new company [1] Group 2 - Skydance Media was founded by David Ellison, son of Oracle founder Larry Ellison [2] - Paramount is one of the largest media asset companies globally, with properties including Paramount Pictures and CBS, and is known for major IPs like the "Mission: Impossible" and "The Godfather" series [2] - Paramount has struggled with its transition to streaming and has faced internal power struggles, leading to the dismissal of former CEO Bob Bakish [2] Group 3 - The $8 billion investment from Skydance includes $2.4 billion paid to the controlling company, National Entertainment [2] - A new entity valued at $28 billion will be formed post-merger, with David Ellison as Chairman and CEO, and Jeff Shell as President [2] - The Ellison team aims to reposition Paramount to enhance profitability and invest more in faster-growing digital platforms [2] Group 4 - Paramount Global had previously considered selling off some of its business units, but these efforts did not materialize [3] - Sony Pictures and private equity giant Apollo had also considered a $26 billion acquisition of Paramount, which ultimately did not succeed [3]

Getty Images Skydance Media's $8.4 billion merger with Paramount Global — a deal that's finally set to close next week, after a protracted regulatory review and behind-the-scenes wrangling — will go down as one of the blockbuster business stories of the year. But to frame it exclusively as such, as merely a big-dollar business transaction, is to also miss the larger forces at play once the deal is done that will indirectly touch millions of Americans. Specifically, millions of news and media consumers. In r ...

Core Viewpoint - Paramount Global is set to report its second quarter 2025 financial results on July 31, 2025, and will conduct a conference call to discuss these results [1] Group 1: Financial Reporting - The financial results will be announced on July 31, 2025, at 4:30 p.m. (ET) [1] - A conference call will be held to present prepared remarks regarding the financial results [1] - An audio replay of the call will be available starting at 7:30 p.m. (ET) on the same day [2] Group 2: Company Overview - Paramount Global is a leading global media, streaming, and entertainment company, known for creating premium content and experiences [3] - The company's portfolio includes well-known brands such as CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV [3] - Paramount holds one of the industry's most extensive libraries of TV and film titles, along with innovative streaming services and digital video products [3]

Core Viewpoint - CBS' decision to end "The Late Show with Stephen Colbert" reflects broader challenges in the late-night television landscape, with implications for the future of traditional TV as streaming and changing consumer habits reshape the industry [1][6][19]. Industry Context - The cancellation of Colbert's show is seen as a potential indicator of the decline of late-night TV, especially as Disney's decision on "Jimmy Kimmel Live" looms [2][6]. - The production costs for late-night programs have increased significantly due to the rise of streaming services and changing viewer preferences, leading to a loss of advertising revenue as traditional pay TV subscriptions decline [7][10]. Financial Performance - "The Late Show with Stephen Colbert" employed around 200 people and incurred annual losses of approximately $40 million, similar to "Jimmy Kimmel Live," which employs about 250 people [11]. - Paramount reported a 21% decline in first-quarter TV advertising revenue to $2.04 billion, largely due to the absence of the Super Bowl, with overall revenue for its TV segment down 13% [14]. - Disney's domestic linear networks saw a 3% decrease in quarterly revenue to $2.2 billion, attributed to lower ad revenue, although ESPN and sports-related advertising revenue increased [16]. Viewership Trends - Colbert's show averaged roughly 1.9 million viewers during the September-to-May period, with a significant portion of the audience over 65 years old, indicating a demographic shift in viewership [21]. - Kimmel's viewership also declined, averaging nearly 1.6 million viewers in the most recent period compared to previous years [22]. Strategic Decisions - CBS' cancellation of "The Late Show" has raised questions about whether alternative cost-saving measures could have been explored, as other networks have made adjustments to retain late-night programming [24].

Group 1 - The merger deal between Paramount Global and Skydance Media has been approved by the Federal Communications Commission (FCC) [1] - Paramount will hire an inspector for a two-year term to assess complaints related to bias [1]

Group 1 - Paramount and Skydance's merger is set to close on August 7, following confirmation from both companies [1][2] - The transaction, valued at over $8 billion, received approval from the FCC, marking the end of a year-long process [2] - The new entity will trade on Nasdaq under the ticker symbol PSKY, replacing Paramount's previous ticker PARA [3] Group 2 - Deadlines for Paramount stockholders to elect their form of consideration have been established, with common shareholders having until July 31 and employees until July 28 [4] - Shareholders who do not make an election will automatically receive stock in the new company, with the value of Paramount Class B shares set at $15 [5] - Concerns remain regarding potential layoffs and the future of the company's linear cable networks, which are experiencing declining ratings and advertising revenue [6] Group 3 - Following the FCC decision, shares in Paramount Global initially rose but ended the day down 1.6% at $13.05 [7]

Group 1 - The merger between Paramount and Skydance is set to close on August 7, following the FCC's approval of the $8 billion-plus transaction [1][2] - The new entity will trade on Nasdaq under the ticker symbol PSKY, replacing Paramount's previous ticker PARA [2] - Shareholders of Paramount have specific deadlines to elect their preferred form of consideration for their shares, with common shareholders having until July 31 [3] Group 2 - Shareholders who do not make an election will automatically receive stock in the new company, with the value of Paramount Class B shares set at $15 [4] - There are concerns regarding potential layoffs and the future of the company's linear cable networks, which are experiencing declining ratings and advertising revenue due to cord-cutting [5] - Following the FCC decision, shares in Paramount Global initially rose but ended the day down 1.6% at $13.05 [6]