| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 14, 2026 | 8/12 | 1 high, 6 medium, 1 low flags | 0 | 2 | Call sheet → |
| Q1'26 | May 4, 2026 | 2/12 | 3 high, 4 medium, 1 low flags | 0 | 1 | Call sheet → |
| Q4'25 | February 25, 2026 | 8/12 | 2 high, 4 medium flags | 0 | 0 | Call sheet → |
| Q3'25 | November 10, 2025 | 7/12 | 2 high, 5 medium, 1 low flags | 3 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | We are firmly committed to 30 theatrical films per year Combined-company (post-WBD) target with no stated deadline; not reiterated at all on this call, which itself is a flag given it was a marquee Q1 commitment. |
| Q2'26 | Pending | Oracle Fusion ERP migration for standalone Paramount targeted by early 2027 Current call reaffirms completion 'by the end of next year' with $200M in associated tech/cloud synergies; period has not ended, actual not yet determinable. |
| Q2'26 | Missed | We remain on track to complete [WBD deal] by September Current call discloses a March trial date and ongoing incremental financing costs 'beyond September 30th,' confirming the September target was not met. |
| Q2'26 | Missed | On track to consolidate three streaming services into one unified platform by the middle of this year Current call reframes the target as completion 'by the end of summer,' a slip of roughly 2-3 months from the original mid-year commitment. |
| Q1'26 | Pending | Total company ad revenue to return to growth in back half Q1 down 3%, needs significant acceleration |
| Q1'26 | Pending | 15+ movies per year steady state On track with 15 for 2026 but no franchise films until 2027 |
| Q1'26 | Pending | Studio profitability to improve in 2026 Revenue up 11% but with nearly double the films, unit economics deteriorating |
| Q1'26 | Missed | Oracle Fusion transformation complete by Q4 2025 Pushed to early 2027, a full year delay |
| Q1'26 | Pending | Consolidate three streaming services into one by mid-2026 Reiterated timeline but now calling it just the 'starting line' |
| Q1'26 | Pending | DTC ad revenue to meaningfully recover in 2026 Q1 'returned to growth' but no percentage given, could be +0.1% |
| Q4'25 | Pending | Investment grade credit metrics by 2027 Balance sheet improvement target affecting financial flexibility |
| Q4'25 | Pending | 15+ movie releases per year steady state starting 2026 Doubling theatrical output from inherited 8-movie slate |
| Q4'25 | Pending | Platform convergence completion by middle of 2026 Technical milestone that affects product capability and user experience |
| Q4'25 | Pending | Realize $3 billion+ of synergies by end of 2026 Raised from $2B target, with $1.4B already achieved by start of 2026 |
| Q4'25 | Pending | DTC profitability improvement year-on-year in 2026 Specific commitment to margin expansion in key growth segment |
| Q4'25 | Pending | Total revenue of $30 billion for 2026, up 4% year-over-year New promise this quarter, setting baseline for next year tracking |
| Q3'25 | Missed | Free cash flow improvement trajectory Now guiding negative FCF for 2026 due to transformation costs |
| Q3'25 | Delivered | Streaming first transformation with D2C growth outpacing linear declines 17% D2C segment growth maintained positive crossover |
| Q3'25 | Exceeded | Strong upfront performance with sports and streaming focus Streaming accounted for 30% of upfront volume vs lower expectations |
| Q3'25 | Pending | South Park exclusive to drive U.S. engagement like international Launched but no subscriber or engagement metrics provided |
| Q3'25 | Delivered | Paramount+ revenue growth acceleration (Q2: 19% to 23%) Q3 showed 24% growth, continued acceleration |
| Q3'25 | Pending | D2C segment will be profitable in 2025 (from Q2 call) No Q3 D2C profitability disclosed - stopped reporting segment OIBDA |
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