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Paramount beats earnings expectations for Q1 with its WBD megadeal on the horizon

Paramount Skydance pleased investors in its first earnings report since agreeing to buy Warner Bros. Discovery. Loading audio narration… David Ellison’s company beat Wall Street’s expectations last quarter, thanks to an 11% jump in streaming revenue.Paramount’s revenue rose 2% to $7.35 billion in the first quarter, at the upper end…