- Adjusted OIBDA for the company was $824 million, with D2C segment adjusted OIBDA improving sixfold to $157 million.
- Direct-to-consumer (D2C) revenue increased 15% year-over-year to $2.2 billion, driven by Paramount+ subscription revenue growth of 22%.
- Filmed Entertainment revenue increased 2% to $690 million but reported an adjusted OIBDA loss of $84 million, worse than the prior year.
- Free cash flow improved to $114 million despite $70 million in restructuring and cost reduction payments.
- Total company revenue grew 1% year-over-year to $6.8 billion in Q2 2025.
- TV Media segment revenue was $4 billion with OIBDA of $853 million; advertising revenue declined 4% year-over-year.
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