Filing Flows › Skydance (PSKY) › Q2 2026 › vs Q1 2026
Skydance (PSKY) Q2 2026 vs Q1 2026 (quarter over quarter)
Skydance's revenue fell $434M (-6%) from $7.3B in Q1 2026 to $6.9B in Q2 2026. The biggest changes: Advertising −$483M (-20%); Licensing and other +$44.0M (+4%); Affiliate and subscription +$19.0M (+0.5%). Operating margin 6.9% against 8.4% (-1.5 pts).
Skydance, Q2 2026: revenue $6.9B (+0.9% year over year), operating margin 6.9%, net earnings $41.0M, operating cash flow $319M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.9% | 8.4% | -1.5 pts |
| Net margin | 0.6% | 2.4% | -1.8 pts |
| Free cash flow margin | 3.7% | 1.3% | +2.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Affiliate and subscription | $3.5B | $3.5B | $19.0M | +0.5% |
| Advertising | $2.0B | $2.4B | −$483M | -20% |
| Licensing and other | $1.3B | $1.3B | $44.0M | +4% |
| Theatrical | $138M | $152M | −$14.0M | -9% |
| Revenue | $6.9B | $7.3B | −$434M | -6% |
| Operating profit | $475M | $616M | −$141M | -23% |
| Costs & expenses | $6.4B | $6.7B | −$293M | -4% |
| Pre-tax earnings | $161M | $330M | −$169M | -51% |
| Other expense, net | $314M | $286M | $28.0M | +10% |
| SG&A | $1.4B | $1.4B | $32.0M | +2% |
| Other operating costs | $5.0B | $5.3B | −$325M | -6% |
| Net earnings | $41.0M | $175M | −$134M | -77% |
| Income tax | $120M | $155M | −$35.0M | -23% |
| Operating cash sources | $486M | $617M | −$131M | -21% |
| Depreciation & amortization | $364M | $362M | $2.0M | +0.6% |
| Share-based compensation | $81.0M | $80.0M | $1.0M | +1% |
| Working capital & other | $167M | $432M | −$265M | -61% |
| Operating cash flow | $319M | $185M | $134M | +72% |
| Free cash flow (OCF − capex) | $258M | $96.0M | $162M | +169% |
| Capital expenditures | $61.0M | $89.0M | −$28.0M | -31% |
Questions
How much did Skydance's revenue grow quarter over quarter in Q2 2026?
Skydance's revenue fell $434M (-6%) from $7.3B in Q1 2026 to $6.9B in Q2 2026.
What drove Skydance's revenue change in Q2 2026?
Advertising −$483M (-20%); Licensing and other +$44.0M (+4%); Affiliate and subscription +$19.0M (+0.5%).