Revenue segments as reported by the company.

Advertising

Affiliate and subscription

Theatrical

Licensing and other

Affiliate

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Paramount Global excels in streaming investments and content performance

Paramount Global's focus on streaming investments and content performance drove success in 2022, with plans for further growth in 2023 and beyond.
Challenges include peak losses in the D2C segment and lower OIBDA in Filmed Entertainment, but opportunities lie in international expansion and pricing strategies.
The integration of Showtime with Paramount+ and upcoming franchise-oriented titles position Paramount for significant earnings growth and positive free cash flow in 2024.

Paramount Global excels in streaming with 60M subscribers and revenue growth

Paramount Global's Q1 2023 Earnings Call highlighted strong performance, strategic strengths in streaming investments and partnerships, challenges related to potential strikes and cost management, and opportunities for growth through maximizing shareholder value and revenue expansion in 2024.

Paramount Global excels in Q2, eyes streaming profitability by 2024

Paramount Global's Q2 earnings call reflects strong financial performance, strategic content focus, and a clear path to streaming profitability by 2024.
The company's strengths lie in high-quality content creation, diverse revenue streams, stable sports deals, and resilience in the face of potential disruptions.
Challenges include industry strikes impacting content production, balancing traditional business with streaming growth, and navigating the evolving digital ad market.
Opportunities for Paramount include capitalizing on the Big Ten expansion, driving streaming profitability, maximizing sports content impact, and accelerating digital ad revenue growth.

Paramount Global reports robust Q3 performance and optimistic streaming outlook

Paramount Global (PARA) showcased strong performance in Q3 with notable growth in streaming revenue and subscribers, emphasizing cost management and free cash flow.
The company's focus on expanding globally, partnerships with key players like Delta and Walmart+, and strategic content slate position it well for future growth.
While facing challenges in TV media advertising and potential password sharing issues, Paramount Global remains confident in achieving significant total company earnings growth in 2024.
Opportunities lie in bundling strategies, ARPU growth, and improving D2C profitability, indicating a positive outlook for Paramount Global's streaming business.

Paramount Global reports robust Q4 performance and eyes sustainable growth

Paramount Global's Q4 2023 performance reflects strong revenue, subscriber growth, and strategic focus on sustainable profitability and content impact.
While facing challenges in achieving domestic profitability for Paramount+ and managing content costs, the company is well-positioned for growth.
Opportunities lie in OIBDA growth, M&A exploration, and revenue diversification through bundling and licensing, signaling a promising outlook for Paramount Global.

Paramount Global excels in Q1 2024 with strong streaming growth

Paramount Global's Q1 2024 earnings call showcased robust financial performance, strategic focus on content, and strong growth in streaming subscribers and advertising revenue.
While facing challenges in reducing leverage and navigating a competitive market, Paramount Global's strengths in content assets, executive leadership, and industry experience position it well for future success.
With opportunities to capitalize on advertising growth, expand streaming services, and explore new partnerships, Paramount Global is poised to drive continued growth and innovation in the entertainment industry.

Paramount Global reports robust Q2 growth and eyes profitability

Paramount Global's Q2 performance reflects strong revenue growth and progress towards profitability for Paramount+.
The company's focus on cost-saving measures, key content wins, and strategic partnerships positions them for future success.
Challenges lie in achieving profitability, navigating industry competition, and optimizing revenue streams, but opportunities abound in upcoming releases and revenue expansion.

Paramount Global excels in Q3 with DTC growth and content success

Paramount Global's Q3 performance reflects a solid foundation for growth, driven by strong DTC metrics, content success, and financial progress.
While facing challenges like profitability targets and market dynamics, the company's strategic strengths and opportunities position it well for future expansion.
Investors can be optimistic about Paramount Global's trajectory, supported by a mix of content-driven growth strategies and financial discipline to drive value creation.

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AMC Networks

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The “meme mania” that once propelled AMC Entertainment (NYSE: AMC ) stock to lofty price levels has long left the scene. Even as a speculative trade, AMC is no longer one of the strong opportunities among entertainment stocks.

7 Entertainment Stocks That Are Way Better Buys Than AMC

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced the pricing terms of its previously announced cash tender offers (collectively, the "Any and All Offers") for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 (collectively, the "Any and All Securities"). The Any and All Offers are being made pursuant to and are subject to the terms and conditions set forth in the Offer to Purchase dated November 2, 2023 (as amended or supplemented, the "Offer to Purchase") and related notice of guaranteed delivery (as may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery").

Paramount Global Announces the Pricing Terms of its Any and All Tender Offers for Certain Outstanding Debt Securities

Disney

Disney (DIS), Paramount (PARA), and Warner Bros. Discovery (WBD) shares surged Thursday after studios reached a tentative deal with striking actors, bringing the 118-day Hollywood strike to an end.

Disney, Paramount Shares Rise After Studios Reach Tentative Deal With Actors

Hollywood actors yesterday struck a tentative three-year contract worth more than $1 billion with major studios, which will increase minimum salaries.

Media Stocks React to SAG-AFTRA Tentative Deal

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Digital Engagement Paramount to Customer Satisfaction, Reducing Cost to Serve, J.D. Power Finds

Netflix

Investors in Hollywood studios on Thursday cheered a tentative deal with actors that could help restart production of movies and shows halted by a series of strikes since spring.

Big media rallies as tentative actors' deal paves way for restarting productions

Comcast

The stocks of studios and streaming companies were mostly higher early Thursday, after Hollywood's actors union reached a tentative deal with studios to end its strike, ending months of labor strife that ground the film and television industries to a historic halt, as the Associated Press reported. While union members have yet to vote on the three-year contract agreement, the leadership declared that the strike will end at 12:01 a.m.

Studio and streaming company stocks rally after Hollywood's actors union reaches tentative deal to end strike

Hollywood's actors and studios have a preliminary labor agreement.

SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios

This Buffett stock was a big loser in 2023 until last week's strong Q3 earnings results. Investors especially liked the stock's improving prospects for 2024.

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Paramount Pictures has asked a California federal court to throw out a lawsuit claiming that the 2022 blockbuster "Top Gun: Maverick" violated a copyright belonging to the heirs of reporter Ehud Yonay, whose article "Top Guns" inspired the original "Top Gun" movie.

Paramount asks judge to shoot down 'Top Gun' heirs' copyright lawsuit

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Earnings from S&P 500 companies are coming in much stronger than expected for the third quarter. But some of the beats are amazing.

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Bank of America gave the media stock a double downgrade on a lack of asset sales. The sell-off comes after the stock jumped last week on better-than-expected third-quarter profits.

Why Paramount Global Stock Was Falling Today

Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock.

Paramount Stock Dives On Wall Street Downgrade, As Veteran Analyst Declares It “Hard To Buy” If Company Assets Are “Not For Sale”

Paramount's (PARA) third-quarter earnings reflect the strong adoption of Paramount+ and strength in Filmed Entertainment revenues.

Paramount (PARA) Q3 Earnings Beat on Streaming Service Strength

BofA Securities analyst Jessica Reif Ehrlich cuts her recommendation on shares of Paramount to Underperform from Buy.

Paramount Isn't Selling Assets. That's Why This Analyst Double-Downgraded the Stock.

Paramount Global Inc.'s stock may have surged 27% over two sessions to close out last week, but it's still down some 40% since the start of May.

Paramount's stock is down 40% since early May, and BofA says it has further to fall

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Paramount is one of the largest content producers in the US, with a strong presence in broadcast and cable TV, film, and streaming distribution channels. The company's scale allows it to invest in high-budget, high-quality content that appeals to viewers across all distribution channels. Paramount's content will increasingly be distributed through Direct-To-Consumer platforms, compensating for the decline in linear distribution and making it a desirable streaming platform.

Paramount: One Big Content Factory

Paramount crushed earnings expectations in Q3. A stricter approach to spending on streaming growth helped power the beat.

Why Paramount Stock Is Soaring Today

Paramount Global's (PARA) third-quarter results reflect a steady viewership for its streaming services, boosted by the strong adoption of Paramount+, offset by lower advertising revenues.

Paramount Global (PARA) Q3 Earnings Fall Y/Y, Revenues Miss

Football fans watching games on CBS and a jump in streaming subscribers helped Paramount Global (PARA) post better-than expected results, and shares skyrocketed over 11% in early trading Friday.

News for Paramount Global Stock (PARA)