Paramount Skydance stock gains 1.71 percent before NYSE move

Published on 10/03/2026 at 20:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Paramount Skydance stock shifts from Nasdaq to NYSE on October 6, 2026, under SKYD. Q2 revenue was USD 6.91 billion, while the consensus target stood at USD 11.17.

Paramount Skydance, US69932A2042, Illustration mit AI erstellt.

Paramount Skydance (ISIN US69932A2042) closed at USD 9.50 on Nasdaq on October 2, 2026, up 1.71 percent. The immediate catalyst is a planned listing and corporate-name change that will take effect on October 6, 2026, according to the SEC filing dated October 2, 2026.

NYSE switch arrives October 6

Paramount Skydance intends to move its Class B common stock from Nasdaq to the NYSE and change the ticker from PSKY to SKYD. The filing also sets October 5, 2026, as the record date for a planned warrant distribution, with the ex-date expected around the listing transition.

The planned change gives the stock a defined trading milestone just before the Warner Bros. Discovery transaction is scheduled to close. Holders must keep shares through the record date to qualify for the warrant distribution described in the filing.

Debt financing sets the risk

On September 30, 2026, Paramount Skydance announced USD 41.4 billion of senior secured notes, including coupons reaching 9.125 percent, alongside EUR 885 million of euro-denominated notes and an USD 8.5 billion term-loan tranche, according to Paramount Skydance.

The proceeds are intended to help fund the Warner Bros. Discovery acquisition and repay existing debt. That financing scale is the central counterweight to merger progress because the transaction adds leverage and interest expense before integration benefits are realized.

Revenue grows while valuation divides

Paramount Skydance reported USD 6.91 billion of revenue for Q2 2026, while quarterly EPS was USD 0.18 against a USD 0.15 consensus estimate, according to MarketBeat. The USD 0.03 EPS difference provides a quantified operating counterpoint to the debt burden.

MarketBeat lists a consensus rating of Reduce and an average target of USD 11.17. That target is 17.6 percent above the October 2 price, while the stock remains 51.2 percent below its 52-week high of USD 19.45.

Stock closes at USD 9.50

Paramount Skydance had a market capitalization of USD 10.7 billion and volume of 37.37 million shares on October 2, 2026. The stock closed at USD 9.50 on Nasdaq after trading between USD 8.97 and USD 9.67, leaving the NYSE transfer, warrant mechanics and merger financing as the next measurable checkpoints.