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

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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.

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

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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

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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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Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target.

Paramount narrows streaming loss forecast as investments peak

The key risk for the short thesis has always been DTC profitability. But bulls have probably been too focused on the SOTP thesis as well. If Paramount continues to execute well, the upside could be far larger than expected.

Paramount: Surprise! It's A Bargain

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Paramount Global posted higher revenue and profit, as well as improving results for its streaming business.

Paramount Global stock jumps for second straight day

Paramount Global (NASDAQ:PARA ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Jaime Morris - EVP, IR Bob Bakish - President and CEO Naveen Chopra - CFO Conference Call Participants Michael Morris - Guggenheim Ben Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Rich Greenfield - LightShed Partners Brett Feldman - Goldman Sachs Phil Cusick - JPMorgan John Hodulik - UBS Bryan Kraft - Deutsche Bank Operator Good afternoon. My name is Nadia, and I'll be the conference operator today.

Paramount Global (PARA) Q3 2023 Earnings Call Transcript

The headline numbers for Paramount Global-B (PARA) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Paramount Global-B (PARA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Paramount CEO Bob Bakish has long touted “hard bundles,” the hybrid carriage agreements found in Europe and other international markets that weave streaming into conventional pay-TV packages.

“Hard-Bundle” Carriage Deals Resembling The Recent Charter-Disney Pact Appear To Be In Paramount's U.S. Future, CEO Bob Bakish Says

Paramount+ adds 2.7 million subscribers and streaming losses fall from $343 million to $238 million, with total revenue up 38%. 'Yellowstone' returning next year.

Paramount Outpaces Expectations, Adding Subscribers And Narrowing Streaming Losses

The actors are still on strike and it's still costing Paramount. The CBS, MTV and Nickelodeon owner revealed that the strikes have cost $60M over the last three months.

Strikes Cost Paramount $60M In Latest Quarter As CEO Bob Bakish Hopes Actors Walkout Ends Soon

The media conglomerate reported a 38% increase in revenue and 63 million subscribers on Paramount+.

Paramount stock soars 12% after strong earnings report, adding to blockbuster day

Shares of Paramount Global PARA, +10.37% jumped 9.5% after hours on Thursday after the film, entertainment and streaming giant reported third-quarter results that beat expectations. The company reported adjusted earnings per share of 30 cents, down from 39 cents a year ago but above FactSet estimates for 11 cents.

Shares of Paramount Global jump after results beat expectations

Paramount Global beat Wall Street analysts' estimates in the third quarter, riding growth from Paramount+, which added 2.7 million subscribers in the quarter to hit 63 million globally. Total revenue came in at $7.13 billion, up 3% from the year-ago period, while adjusted earnings per share 21% to 36 cents.

Paramount+ Hits 63M Subscribers As Parent Company Overcomes TV Weakness To Top Q3 Estimates

Media company Paramount Global beat third-quarter revenue and profit estimates on Thursday and said costs at its streaming division have peaked, sending its shares surging 10% in extended trading.

Paramount says streaming costs have peaked, shares soar 10%

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced that it will commence cash tender offers of up to $1 billion combined aggregate purchase price (the "Combined Tender Offer Cap") for: (1) any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 (collectively, the "Any and All Securities") and (2) a combined aggregate purchase price of up to the Combined Tender Offer Cap less the aggregate purchase price of the Any and All Securities validly tendered and accepted for purchase (in each case, excluding accrued and unpaid interest to, but not including, the applicable settlement date and excluding related fees and expenses) (the "Maximum Offer Amount") of its 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027 and 3.375% Senior Notes due 2028 in the priorities set forth in the applicable table below (collectively, the "Maximum Offer Securities" and together with the Any and All Securities, the "Securities"). The offer to purchase the Any and All Securities is referred to as the "Any and All Offers," the offer to purchase the Maximum Offer Securities is referred to as the "Maximum Offer," and the Any and All Offers and Maximum Offer are referred to together as the "Offers.

Paramount Global Announces Cash Tender Offers for Up to $1 Billion Combined Aggregate Purchase Price of Certain Outstanding Debt Securities

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Wall Street celebrated Roku's third quarter-report, in which the company reported strong trends in content distribution and advertising.

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Advertising inventory on Super Bowl LVIII next February, which will air across CBS and other Paramount Global platforms is “virtually sold out,” the company has confirmed. Ad space is virtually sold out, pacing ahead of schedule,” a Paramount spokeswoman confirmed to Deadline.

Paramount Says Super Bowl Ad Inventory Is “Virtually Sold Out, Pacing Ahead Of Schedule”

First Season of Annie Award-Winning Series, Produced in Association with Imagine Television, Available to Stream Now on Paramount+   Share it: @Nickelodeon @NickelodeonFamily #TheTinyChefShow   Click HERE for assets and HERE to embed a clip.   BURBANK, Calif.

NICKELODEON COOKS UP SECOND SEASON OF THE TINY CHEF SHOW WITH BRAND-NEW HOLIDAY-THEMED SPECIALS PREMIERING NOVEMBER AND DECEMBER

Get a deeper insight into the potential performance of Paramount Global-B (PARA) for the quarter ended September 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Paramount Global-B (PARA) Q3 Outlook: Wall Street Estimates for Key Metrics

Globally Unified Digital Video Advertising Platform Delivers Paramount's Massive Content Portfolio Through a Simple, Scaled Solution, Unmatched in Quality, Capabilities and Ad-Supported Reach NEW YORK , Nov. 1, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced the global expansion of EyeQ, bringing one of the biggest premium video advertising platforms in digital media to regional and multinational marketers worldwide. EyeQ makes it easier for advertisers to activate campaigns across the full scale of Paramount's massive domestic and international digital content portfolio of entertainment, news and sports in one seamless solution, driven by the company's streaming momentum.

PARAMOUNT GLOBAL ANNOUNCES WORLDWIDE EXPANSION OF "EYEQ"

Paramount Global stock (NASDAQ: PARA) is expected to publish its Q3 2023 results on November 2, reporting on a quarter that is likely to see the company's revenues sho

Paramount Stock Is Down 70% Since 2021. Will A Q3 Earnings Surprise Drive A Recovery For The Stock?

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Paramount has completed the $1.62 billion sale of book publisher Simon & Schuster to investment firm KKR, nearly a year after a richer sale to Penguin Random House ran aground over regulatory issues. The all-cash transaction, announced last August, makes Simon & Schuster a stand-alone private company and the only independent major trade publisher.

Paramount Closes $1.62B Sale Of Simon & Schuster To Investment Firm KKR

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global (NASDAQ: PARA, PARAA) in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S. It continues to be led by Jonathan Karp, President and CEO, and his talented executive team. “T.

KKR Announces Completion of Acquisition of Simon & Schuster from Paramount

Paramount Global's (PARA) third-quarter performance is expected to have been aided by steady growth in viewership, driven by strength in Paramount+ amid tepid advertiser demand.

News for Paramount Global Stock (PARA)