Why Is SKYDANCE CORP B (SKYD) Stock Down Today?

Skydance Corp B shares fell 9.25% to $7.90 following the release of third-quarter 2026 results. The primary driver of the decline was management’s announcement that poor performance from Warner Bros. Studios could reduce fourth-quarter profits by as much as $200 million, despite a beat on adjusted earnings per share.

What Happened

Skydance reported third-quarter revenue of $7.025 billion and net income of $73 million, excluding the results of Warner Bros. Discovery. The company posted an adjusted EPS of $0.45, which exceeded the consensus estimate of $0.11. CEO David Ellison outlined plans to converge Paramount+ and HBO Max into a single streaming bundle within roughly one year. Management detailed a program to deliver $6 billion in run-rate synergies over three years and set a target for $10 billion in free cash flow by 2030. However, the company warned that weak results from Warner Bros. Studios could impact fourth-quarter profits by up to $200 million. Citizens lowered its price target to $13 while maintaining a Market Outperform rating.

What The Data Shows

The stock opened at $8.59, a 1.3% gap down from the prior close of $8.70. It reached a session high of $8.72 at 8:40 AM ET before sliding to a session low of $7.75 at 9:35 AM ET. Volume stood at 4.8 million shares, which is 0.2 times the three-month daily average. The company’s market capitalization is $40.4 billion, and it remains unprofitable on a trailing twelve-month basis with an EPS of -0.58. Revenue grew 1.2% over the same period, while the net margin was -2.1%. The stock has a beta of 1.64 and a dividend yield of 2.50%. Over the last eight sessions, the stock had risen 10.1% from $7.90 to $8.70. On November 10, 2026, the stock printed five fresh 52-week lows. The 52-week range is $6.61 to $17.16.

What To Watch

Analysts are monitoring the execution of the $6 billion synergy program and the timing of the streaming bundle launch. Investors will also watch for the impact of Warner Bros. Studios performance on fourth-quarter results.