Filing Flows › Skydance (PSKY) › Q1 2026 › vs Q1 2025
Skydance (PSKY) Q1 2026 vs Q1 2025 (year over year)
Skydance's revenue rose $155M (+2%) from $7.2B in Q1 2025 to $7.3B in Q1 2026. The biggest changes: Licensing and other +$118M (+10%); Affiliate and subscription +$104M (+3%); Advertising −$71.0M (-3%). Operating margin 8.4% against 7.6% (+0.7 pts).
Skydance, Q1 2026: revenue $7.3B (+2% year over year), operating margin 8.4%, net earnings $168M, operating cash flow $185M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.4% | 7.6% | +0.7 pts |
| Net margin | 2.3% | 2.1% | +0.2 pts |
| Free cash flow margin | 1.3% | 1.7% | -0.4 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Affiliate and subscription | $3.5B | $3.4B | $104M | +3% |
| Advertising | $2.4B | $2.5B | −$71.0M | -3% |
| Licensing and other | $1.3B | $1.1B | $118M | +10% |
| Theatrical | $152M | $148M | $4.0M | +3% |
| Revenue | $7.3B | $7.2B | $155M | +2% |
| Operating profit | $616M | $550M | $66.0M | +12% |
| Costs & expenses | $6.7B | $6.6B | $89.0M | +1% |
| Pre-tax earnings | $330M | $261M | $69.0M | +26% |
| Other expense, net | $286M | $289M | −$3.0M | -1% |
| SG&A | $1.4B | $1.5B | −$132M | -9% |
| Other operating costs | $5.3B | $5.1B | $221M | +4% |
| Net earnings | $168M | $152M | $16.0M | +11% |
| Minority interests | $7.0M | $9.0M | −$2.0M | -22% |
| Income tax | $155M | $100M | $55.0M | +55% |
| Operating cash sources | $610M | $284M | $326M | +115% |
| Depreciation & amortization | $362M | $88.0M | $274M | +311% |
| Share-based compensation | $80.0M | $44.0M | $36.0M | +82% |
| Working capital & other | $425M | $104M | $321M | +309% |
| Operating cash flow | $185M | $180M | $5.0M | +3% |
| Free cash flow (OCF − capex) | $96.0M | $123M | −$27.0M | -22% |
| Capital expenditures | $89.0M | $57.0M | $32.0M | +56% |
Questions
How much did Skydance's revenue grow year over year in Q1 2026?
Skydance's revenue rose $155M (+2%) from $7.2B in Q1 2025 to $7.3B in Q1 2026.
What drove Skydance's revenue change in Q1 2026?
Licensing and other +$118M (+10%); Affiliate and subscription +$104M (+3%); Advertising −$71.0M (-3%).