See what Skydance's CEOs said to employees after exceeding estimates in first earnings report
Skydance CEOs David Ellison and Ynon Kreiz praised employees following a successful first earnings report that met revenue and profit goals. Despite the positive internal outlook, the company's stock price experienced volatility as investors remain cautious about the firm's significant debt load.
Why it matters
The performance of this newly merged media giant is a bellwether for the consolidation of traditional media assets against tech-native streaming competitors.
Skydance top executives Ynon Kreiz (left) and David Ellison are hoping to form a new media titan. NYSE Skydance CEO David Ellison and co-CEO Ynon Kreiz shouted out staffers after posting an earnings beat. "The progress we've made is a direct result of your contributions," Ellison and Kreiz said. Read the full memo from Ellison and Kreiz below. Skydance's top execs are thanking employees after a solid inaugural earnings report . CEO David Ellison and co-CEO Ynon Kreiz sent an email to staffers after the Paramount side of Skydance reached its revenue goal and topped its profit projections in the third quarter — the first since the Paramount-Warner Bros. Discovery mega-deal last month. "The progress we've made is a direct result of your contributions," Ellison and Kreiz said in a post-earnings memo, which was obtained by Business Insider.
Also covering this story
2 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in