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Skydance (PSKY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Skydance (PSKY) reported revenue of $7.3B for the first quarter 2026 (Q1 2026), +2% from a year earlier. Operating margin was 8.4%, net earnings $168M (2.3% of revenue).
Skydance, Q1 2026: revenue $7.3B (+2% year over year), operating margin 8.4%, net earnings $168M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3B | — | +2% |
| Operating profit | $616M | — | +12% |
| Net earnings | $168M | — | +11% |
| Operating cash flow | $185M | — | +3% |
| Free cash flow | $96.0M | — | -22% |
What changed
Revenue was $7.3B in Q1 2026, up 2% year over year. Affiliate and subscription was the largest line at 48% of revenue. Licensing and other added $0.12B year over year (up 10%), 76% of the total change. Advertising declined 3%.
Operating profit was $0.62B, a 8.4% margin (up 0.7 points year over year). Of the extra revenue versus Q1 2025, 43% reached operating profit, above the 8% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were $0.17B, up 11% year over year. The effective tax rate was 47.0%.
Operating cash flow was $0.18B (up 3% year over year), 106% of net income including minority interests. Non-cash charges added back $0.36B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.09B left free cash flow of $0.10B.
Questions
What was Skydance's revenue in the first quarter 2026?
Skydance (PSKY) reported revenue of $7.3B for the first quarter 2026 (Q1 2026), +2% from a year earlier.
Was Skydance profitable in the first quarter 2026?
Operating profit was $616M (8.4% of revenue) and net earnings $168M.
Source: Skydance 10-Q on SEC EDGAR.