Paramount Global announced second -quarter profits that exceeded Wall Street estimates on Thursday as the company is preparing for sale at Skydance Media.

Paramount shares rose 0.2% to 12.60 dollars.

The owner of the CBS transmission network, a cinematic studio and several cable channels, announced customized profits per share of 46 cents for April-June. Analysts had predicted 36 cents per share, according to LSEG estimates.

Revenue increased by 1% over the previous year to $ 6.85 billion, surpassing analysts’ estimates for $ 6.84 billion.

Increasing revenue from subscriptions to Streaming Paramount+ has helped increase colleagues and subscriptions, Paramount said in its profits report. The dramatic order ‘Mobland’ It attracted viewers during the quarter, the company said.

However, all Paramount+ subscribers decreased by 1.3 million to 77.7 million. The company said the reduction is mainly related to the expiry of a package agreement in Europe. Price increases have led to higher revenue.

Paramount Pictures’ film studio has been successful during the trimester with the movie ‘Mission: Impossible – The Final Reckoning’.

The sale of Paramount to Skydance for $ 8.4 billion is expected to be completed by August 7.