Skydance reports $7 billion Q3 revenue and outlines post-Warner cost-saving plan

Skydance announced third-quarter results on Monday, reporting revenue of $7 billion, net earnings of $73 million and adjusted EBITDA of $1 billion. The figures do not include any results from Warner Bros. Discovery, as the acquisition closed after the quarter ended. The earnings release, prepared by CEO David Ellison and co-CEO Ynon Kreiz, focused on how the company plans to generate synergies and reduce costs following the transaction.

The studio expects to achieve at least $2.2 billion in savings by consolidating corporate overhead, real estate and office space, and by eliminating duplicate roles. Additional reductions are projected at $1 billion from streamlined marketing spend, $1.2 billion from unifying technology platforms, and $1.4 billion from centralized procurement and vendor management. Skydance also indicated potential savings in content production, while maintaining an annual content budget of $30 billion.

"With the reach of our combined platforms across streaming, broadcast and cable, each title can work harder for us, and as one company we can make smarter choices about how we distribute and monetize our slate," the executives wrote.

The company hinted at a bundled offering of HBO Max and Paramount+ slated for early 2027 and said an investor day is planned for the first half of next year.