David Ellison is ready to take his pitch for Paramount public.

The entertainment company reported its third quarter earnings Monday, its first earnings report under the leadership of CEO David Ellison, and the ownership of his Skydance.

Ellison penned a shareholder letter, writing that scaling its direct-to-consumer business is our top priority alongside supercharging its creative. Ellison also said that the company is launching a comprehensive strategic review so that it can determine whether to divest other non-core assets, beginning with Telefe in Argentina. The company is targeting $30 billion in revenue in 2026, with cost savings of $3 billion expected, up from the previously announced $2 billion.

The company reported $6.7 billion in Q3 revenue, with operating income of $324 million.

Ellison and Skydance assumed control of Paramount in early August, with goals of turning the beleaguered entertainment company into a next-generation media and technology leader, positioned to win in todays rapidly transforming media landscape.

While Ellison has spoken about his desire to infuse technology into the company, the specifics of his and his leadership teams go-to-market strategy have remained somewhat obtuse for now, with executives including president Jeff Shell telling reporters after the deal closes that the earnings call tied to Mondays quarterly report will allow them to pull back the curtain.

The company began a major round of layoffs last month, as Paramount seeks to realign its employee base around key priorities. There is expected to be one more round, with about 2,000 roles eliminated.

We want to be as open and direct as possible about the reasons behind these changes, Ellison told staff. In some areas, we are addressing redundancies that have emerged across the organization. In others, we are phasing out roles that are no longer aligned with our evolving priorities and the new structure designed to strengthen our focus on growth. Ultimately, these steps are necessary to position Paramount for long-term success.

The executive has been on a deal spree since taking over Paramount, poaching Stranger Things creators the Duffer brothers from Netflix, inking a deal for a Call of Duty movie (with Taylor Sheridan involved!), and acquiring Bari Weiss The Free Press, installing the editor and columnist as editor-in-chief of CBS News.

That said, Sheridan, the prolific Yellowstone creator, has since inked a deal with NBCUniversal, and will eventually move his films and series development to the new studio.

Shari Redstone, the former owner of Paramount, opened the companys last earnings call in July by touting her familys stewardship of the company, and wishing Ellison well: I am confident that with that they can build on Paramounts legacy and position it for long-term success.