Paramount Global beat Wall Street expectations for the second quarter, reporting adjusted earnings of 46 cents per share on $6.85 billion in revenue, according to Reuters. The company said subscription revenue growth and price increases at Paramount+ helped boost overall affiliate and subscription revenue.

Paramount Global squeezed out a small profit in its last quarter before an anticipated sale to Skydance Media, boosted in part by new subscriptions to the Paramount+ streaming service amid a period in which traditional revenue from advertising and cable distribution fell.