IBDA Improved $287 Million Year-Over-Year to $49 Million – Continued Momentum at Paramount+: Revenue Growth of 25% Year-Over-Year and 3.5 Million Subscriber Additions in the Quarter – Streamlined Organization: Advancing $500 Million in Annual Run Rate Cost Savings « Skydance Transactions Expected to Close in First Half of 2025 STATEMENT FROM GEORGE CHEEKS, CHRIS MCCARTHY & BRIAN ROBBINS, CO-CEOS Our hit content drove strong performance in Q3 where Paramount+ added 3.5 million new subscribers, solidifying our position as the #4 global SVOD service. Our DTC segment successfully delivered profitability for the second quarter in a row, improving by more than $1 billion over the past four quarters, and, across the company, we continue to successfully execute non-content cost reductions that will result in $500 million in annual run rate savings. With two very strong quarters under our belt, it’s evident that we have clear momentum and that our plan is working thanks to our very talented teams and creative partners. $ IN MILLIONS, EXCEPT PER SHARE AMOUNTS Three Months Ended September 30 Nine Months Ended September 30 GAAP 2024 2023 B/(W)% 2024 2023 B/(W)% Revenue $ 6,731 $ 7,133 ( 6)% $ 21,229 $ 22,014 ( 4) % ▪ TV Media 4,298 4,567 ( 6) % 13,800 14,917 ( 7) % ▪ Direct-to-Consumer 1,860 1,692 10 % 5,619 4,867 15 % ▪ Filmed Entertainment 590 891 ( 34)% 1,874 2,310 ( 19)% ▪ Eliminations (17) (17) — % (64) (80) 20 % (a

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other guidance in this release

Text is the filed exhibit, verbatim.