Paramount Skydance (NASDAQ:PSKY), a media and entertainment company worldwide, closed Friday at $13.51, up 20.84%. The stock moved higher after Warner Bros. Discovery agreed to be acquired by Paramount Skydance and Netflix declined to match Paramount’s $31-per-share bid.
The company’s trading volume reached 90.7 million shares, which is roughly 771% above compared with its three-month average of 10.4 million shares. Paramount Skydance went public in 2005 and has fallen 49% since its IPO.
How the markets moved today
The S&P 500 (SNPINDEX:^GSPC) slipped 0.43% to 6,878, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.92% to 22,668. Within media and entertainment, industry peers Walt Disney (NYSE:DIS) closed at $106.05, up 0.46%, and Comcast (NASDAQ:CMCSA) ended at $30.96, gaining 0.36%, as investors reassessed streaming and TV asset portfolios.
What this means for investors
Paramount Skydance surged after Warner Bros. Discovery agreed to be acquired in a roughly $110 billion deal, cementing one of the largest media consolidations in recent years. Netflix’s decision not to match Paramount’s $31-per-share bid reduced competitive uncertainty and cleared the way for the transaction.
Paramount reported a $573 million fourth-quarter loss, missed earnings expectations, and lowered near-term revenue guidance, highlighting ongoing profitability challenges for legacy media and streaming platforms.The proposed merger would combine major film studios, cable networks, and streaming assets amid high content costs and slowing subscriber growth. Investors will be watching whether the merger can increase direct-to-consumer profits and expand subscriber engagement across its combined content library.
Should you buy stock in Paramount Skydance right now?
Before you buy stock in Paramount Skydance, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Paramount Skydance wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $456,188!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,133,413!*
Now, it’s worth noting Stock Advisor’s total average return is 916% — a market-crushing outperformance compared to 194% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 27, 2026.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
