Warner Bros. Discovery (NasdaqGS:WBD) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Company ParticipantsDavid Zaslav - CEOJean-Briac Perrette - CEO and President of Global Streaming and GamesDavid Zaslav - President and CEOKannan Venkat - Managing DirectorAndrew Slabin - EVP of Global Investor StrategyGunnar Wiedenfels - CFOJessica Reif Ehrlich - Managing DirectorRic Prentiss - Managing DirectorConference Call ParticipantsBen Swinburne - Equity Research AnalystRobert Fishman - Senior Research AnalystS ...

Core Insights - Pam Kaufman is leaving her position as President and CEO of International Markets, Global Consumer Products and Experiences at Paramount, marking a significant leadership change following the company's sale to Skydance Media in August [1][2] - The restructuring of Paramount into three business segments—Studios, Direct-to-Consumer, and TV Media—was initiated by David Ellison, leading to Kaufman's exit [2] Company Overview - Kaufman has been with Paramount since 1997, initially working in Nickelodeon marketing and eventually becoming Chief Marketing Officer in 2008 [3] - She was promoted to President of Consumer Products for Nickelodeon in 2014 and later became President of Global Consumer Products in 2018, establishing the first global consumer products division for the company [4] Achievements - Under Kaufman's leadership, Nickelodeon transformed into a global brand, launching franchises such as SpongeBob SquarePants and Teenage Mutant Ninja Turtles, contributing to $7 billion in worldwide retail sales [5][11] - Kaufman expanded her role to include hospitality, live experiences, gaming, and international markets, leading to the establishment of Nickelodeon Hotels & Resorts and themed experiences at Universal Studios [6] Strategic Contributions - She oversaw the international business, managing major networks in various countries and restructuring global operations during a challenging post-peak TV era [7] - Kaufman played a crucial role in aligning global strategy with local expertise, supporting Paramount+ and Pluto TV, and enhancing brand visibility through impactful initiatives [12] Future Outlook - The company is expected to continue evolving under the new leadership team, with Kaufman expressing confidence in Paramount's future direction [13]