How is Paramount restructuring under Ellison's leadership?

Paramount has begun a major round of layoffs, with an expected 2,000 roles to be eliminated in the coming months, as the company seeks to realign its workforce around new priorities.

What is Ellison's strategy for Paramount's future?

Ellison has launched a "comprehensive strategic review" to determine whether to divest non-core assets, starting with Telefe in Argentina, while also emphasizing the need to scale Paramount's direct-to-consumer business and "supercharge" its creative capabilities.

Home / Business and Economy / Paramount Targets $30B in Revenue by 2026 Under New CEO Ellison

Paramount Targets $30B in Revenue by 2026 Under New CEO Ellison

Q: What are Paramount's revenue targets under CEO David Ellison?

Paramount is targeting $30 billion in revenue by 2026, a significant increase from the previously announced $2 billion in cost savings.

10 Nov

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Summary

Paramount aims for $30B in revenue by 2026, up from $2B in cost savings
Ellison launches "comprehensive strategic review" to divest non-core assets
Paramount begins major layoffs to realign workforce around new priorities

Paramount Targets $30B in Revenue by 2026 Under New CEO Ellison

In November 2025, Paramount's new CEO David Ellison is wasting no time in charting a bold path forward for the entertainment company. Ellison, who assumed control of Paramount in early August 2025 alongside his Skydance ownership, has unveiled a comprehensive strategic plan to transform the beleaguered media giant.

Paramount's latest quarterly earnings report, the first under Ellison's leadership, reveals the company's lofty targets. Ellison has set a goal of reaching $30 billion in revenue by 2026, a significant increase from the previously announced $2 billion in cost savings. To achieve this, Ellison has launched a "comprehensive strategic review" to determine whether to divest other non-core assets, starting with the company's Telefe operations in Argentina.

Alongside these financial objectives, Ellison has also emphasized the need to "supercharge" Paramount's creative capabilities and scale its direct-to-consumer business, which he has identified as the top priority. The company has already begun a major round of layoffs, with an expected 2,000 roles to be eliminated in the coming months. Ellison has assured staff that these changes are necessary to position Paramount for long-term success in the rapidly transforming media landscape.

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