Can Paramount+ Lift Paramount Skydance Stock While The Warner Deal Sits In Court?

Paramount Skydance (PSKY) stock is down 42% over the past year and trades about 47% below its 52-week high. Since 2010, its only rally of more than 30% inside two months came in 2025. The strongest case for another is Paramount+, where subscriber growth sped up between the first and second quarters of 2026, though management expects subscribers to stay relatively flat in the third. That case has to outlast a court fight over Warner Bros. Discovery.