Paramount Global stock (US92556V1061): focus shifts to Paramount Skydance after merger and recent Q1 2026 earnings beat

Paramount Global has been folded into the newly listed Paramount Skydance, with investors now watching the combined media group’s Nasdaq-listed PSKY shares after a Q1 2026 earnings beat and recent insider activity.

Paramount Global’s legacy stock tied to ISIN US92556V1061 has effectively been superseded in the public markets by Paramount Skydance, with investors now following the combined media and entertainment group under the Nasdaq listing Paramount Skydance Corp (ticker PSKY) in the United States.

According to Nasdaq data cited in a Form 4 filing, Paramount Skydance Class B common stock closed at USD 10.78 per share on The Nasdaq Global Select Market on 06/02/2026, providing a recent price marker for the post-merger entity that has absorbed the operations formerly associated with Paramount Global.StockTitan / SEC Form 4 as of 06/02/2026

The home market for the combined business remains the United States, where Paramount Skydance is listed on Nasdaq and operates globally across film, television, and streaming, meaning that U.S. equity investors will typically trade PSKY rather than the former Paramount Global line referenced by the historical ISIN US92556V1061.

For German-speaking investors, trading activity in the successor entity is mirrored via secondary venues such as Tradegate and Frankfurt where available, typically quoting the stock in EUR while the primary liquidity and price discovery continue to take place on Nasdaq in USD.

The latest fundamental reference point for the combined group is the first-quarter 2026 earnings report, which has become the key quarterly benchmark for investors transitioning their focus from Paramount Global to Paramount Skydance.

According to MarketBeat’s earnings calendar, Paramount Skydance reported Q1 2026 earnings on 05/04/2026 with earnings per share of USD 0.23, compared with a consensus estimate of USD 0.15, implying an earnings performance USD 0.08 above the analyst consensus for the period.MarketBeat as of 05/04/2026

This Q1 2026 result provides an early snapshot of profitability for the newly structured media group, which now integrates the legacy Paramount Global film and television assets with Skydance’s production capabilities in a single listed vehicle on Nasdaq.

As of: 06/05/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Paramount Global
• Sector/industry: Media and entertainment, film, television and streaming
• Headquarters/country: New York, United States
• Core markets: United States, Europe, Latin America and global streaming markets
• Key revenue drivers: TV and streaming subscriptions, advertising sales, box office and content licensing
• Home exchange/listing venue: Nasdaq (as Paramount Skydance, ticker PSKY)
• Trading currency: USD

Paramount Global: core business model

The business that historically traded as Paramount Global now forms part of Paramount Skydance, a U.S.-based media group that produces and distributes films and series, aggregates channels and streaming services, and monetizes intellectual property across advertising, subscriptions and licensing.

Valuation metrics and multiples for Paramount Global

Although the legacy Paramount Global stock is no longer the primary trading line, investors can infer valuation signals from Paramount Skydance, which now captures the combined group’s earnings power and market expectations on Nasdaq.

GuruFocus reports that Paramount Skydance had a market capitalization of about USD 11.95 billion recently, framing the company as a mid-cap name in the global media sector after the merger that absorbed Paramount Global’s operations into the PSKY structure.GuruFocus as of 2026

For valuation analysis, investors commonly compare this market capitalization with earnings, free cash flow and content investment levels reported in the latest quarterly filings, using metrics such as price-to-earnings or enterprise-value-to-EBITDA to benchmark Paramount Skydance against other listed media companies with similar exposure to theatrical releases, broadcast networks and streaming platforms.

The combination of a Q1 2026 EPS of USD 0.23 and a share price around USD 10.78 as of 06/02/2026 offers a starting point for calculating trailing and forward multiples, although analysts will refine these numbers as more post-merger financial history accumulates and as integration synergies or restructuring costs become clearer in subsequent earnings periods.

Conclusion

For investors tracking the former Paramount Global equity, the key reference point has shifted to Paramount Skydance’s Nasdaq listing, where a recent closing price of USD 10.78 on 06/02/2026 and a Q1 2026 EPS print of USD 0.23 provide concrete, dated anchors for valuation work.

The Q1 2026 earnings beat versus a USD 0.15 consensus, together with a post-merger market capitalization of about USD 11.95 billion, frames market expectations for the combined group’s profitability and growth prospects across film, television and streaming.

As additional quarters of post-merger results are reported and more detailed guidance emerges, investors will be able to refine their view of the earnings power formerly associated with Paramount Global and now represented by the Paramount Skydance PSKY shares on Nasdaq.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.