SKYD: Q3 growth in streaming and licensing meets a transformative, debt-heavy WBD merger

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Q3 pro forma revenue rose 5%, with $1.0B Adjusted EBITDA and $506M adjusted net earnings; streaming growth and licensing offset linear-market pressure. The October WBD merger brought major expansion, financing needs and integration risks.

Original document: Skydance Corporation [SKYD] SEC 10-Q Quarterly Report — Nov. 9 2026

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