Wed, May 14, 8:06 PM (66 days ago)
**New Pluto Global, Inc. (Ticker: N/A) Q1 2025 Financial Summary** New Pluto Global, Inc. (NPG), a subsidiary of Paramount Global, reported no operational activity, revenue, or significant financial metrics for Q1 2025, as it is in the process of completing a series of transactions to form Paramount Skydance Corporation. Key points include: **Financial Health & Performance:** - **Revenue & Profit Margins:** NPG reported no revenue, operating expenses, or net earnings for Q1 2025. - **Cash Flow:** No cash flow from operations, investing, or financing activities was reported. - **Earnings Changes:** No earnings were reported. **Quarterly Performance Discussion:** - NPG was formed on June 3, 2024, and has not commenced operations or engaged in significant activities other than those related to its formation and the planned transactions. - The company is awaiting regulatory approvals and expects to close the transactions in the first half of 2025. **Trends & Uncertainties:** - NPG's future operations will depend on the completion of the transactions, which include investments, share issuances, and debt guarantees. - The company faces uncertainties related to regulatory approvals, market conditions, and the successful completion of the transactions. **Future Operations Impact:** - Upon completion of the transactions, NPG will be renamed Paramount Skydance Corporation and will assume the senior and junior debt of Paramount. - The company will have a new share structure, with Class B Common Stock listed on The Nasdaq Stock Market LLC. **Risk Factors:** - NPG's risks are primarily related to the completion of the transactions, regulatory approvals, and market conditions. - The company may be subject to a termination fee if the transactions do not close under certain circumstances. **Controls & Procedures:** - NPG's principal executive and financial officers have concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by this report.