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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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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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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Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday.

Paramount Global to lay off 15% of its US workforce

Paramount Global (PARA) wrote down the value of its cable-TV networks by nearly $6 billion, a day after Warner Bros. Discovery (WBD) also took a massive charge, as streaming services like Netflix (NFLX) continue to disrupt traditional networks.

Paramount To Cut 2,000 Jobs, Posts $6B Write-Down

Expedia

8.33am: Wall Street to edge lower US stocks are on track to open slightly lower later today, in what could be a slightly more relaxed day of trading compared to earlier this week.  However, it might not be calm for long if Terry Sandven at U.S. Bank Wealth Management is correct.

Nasdaq and S&P 500 to slip lower as markets calm; Expedia and Paramount surge

Paramount Global's shares jumped 6% premarket on Friday as investors cheered strong growth at the media group's streaming business, even as the company joined rival Warner Bros Discovery in writing down the value of its TV assets.

Paramount jumps as steady streaming growth eclipses TV unit writedown

US entertainment conglomerate Paramount Global (NASDAQ:PARA) which owns CBS, Nickelodeon, Paramount+ and others, intends to reduce its workforce by 15% under a $500 billion cost-saving plan. The news was delivered to shareholders during Paramount's second-quarter earnings call, when Paramount also noted a $5.98 billion goodwill impairment charge for its Cable Networks reporting unit due to “a downward adjustment to the reporting unit's expected cash flows”.

Paramount cuts workforce, takes $6bn cable writedown

Paramount Global (NASDAQ:PARA ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Jaime Morris - Executive Vice President of Investor Relations Brian Robbins - President & Chief Executive Officer, Paramount Pictures and Nickelodeon; Chief Content Officer, Movies & Kids & Family, Paramount+ Chris McCarthy - President & Chief Executive Officer, Showtime/MTV Entertainment Studios and Paramount Media Networks George Cheeks - President & Chief Executive Officer, CBS and Chief Content Officer, News and Sports, Paramount+ Naveen Chopra - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Robert Fishman - MoffettNathanson Ben Swinburne - Morgan Stanley Rich Greenfield - LightShed Partners John Hodulik - UBS Steven Cahall - Wells Fargo Bryan Kraft - Deutsche Bank Operator Good afternoon. My name is Felicia and I'll be the conference operator today.

Paramount Global (PARA) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Paramount Global-B (PARA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Paramount Global-B (PARA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

The announcement comes a day after Warner Bros Discovery took a $9 billion write-down on its TV assets.

Paramount slashing thousands of jobs, writes down value of cable networks by $6B

Sports, broadcast TV and digital paced Paramount Global's overall performance in the upfront ad market, Co-CEO Chris McCarthy said during the company's second-quarter earnings call. “We are pleased with our upfront results, particularly in the context of the evolution of the ad market and the scale of new entrants,” he said.

Paramount Global Says It Landed $1B In Digital Upfront Ad Commitments

Paramount Global-B (PARA) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago.

Paramount Global-B (PARA) Q2 Earnings Beat Estimates

The Paramount-Skydance merger is on track to close in the first half of 202 and “in the meantime, the Skydance and Redbird teams support our strategic plan and we are continuing to operate business as usual,” said Chris McCarthy — who runs Par with Brian Robbins and George Cheeks — on a call after quarterly

Paramount Co-CEOs Say Talks Heating Up On Streaming Partnerships, Asset Sales Ahead Of Skydance Merger

Company behind Paramount Pictures, Nickelodeon and CBS writes down value of its cable networks by nearly $6bn

Paramount Global to cut 15% of its US workforce before Skydance merger

Paramount Global Co-CEO Chris McCarthy confirmed the long-expected layoffs hitting Paramount, saying the media company plans to cut its U.S.-based workforce by about 15%. Speaking on the company's second-quarter earnings call, the exec said marketing and communications would be one of two areas to be targeted in the reductions.

Paramount Global Co-CEO Chris McCarthy Confirms Layoffs Of 15% Of U.S.-Based Workers

Warner Bros. Discovery just told investors its TV networks were worth $9 billion less than the company thought.

Paramount's TV networks are collapsing in a $6 billion hole

Media company Paramount Global PARA PARAA reported second-quarter financial results after the market close Thursday.

Paramount Global Q2 Earnings Highlights: Studio Posts Revenue Miss, DTC Segment Up 13%, Closing Date For Skydance Merger

Paramount Global's revenue dropped 11% in the second quarter, the company's biggest miss relative to analyst estimates since February 2020. Revenue fell as TV licensing fees dropped 48%, compounding declines in subscription fees and advertising sales.

Paramount Global revenue misses estimates as traditional pay TV continues decline

Paramount Global has taken massive hit to earnings, booking a nearly $6 billion write-down as part of its second-quarter earnings, a day after Warner Bros. Discovery reported an even bigger charge.

Paramount Takes $5.98B Write-Down At Cable Networks Ahead Of Skydance Deal In Latest Big Media Damage From Linear TV

The slow-motion collapse of the cable-television business is coming into clearer focus.

Paramount Writes Down Value of Cable-TV Business by $6 Billion and Cuts 2,000 Jobs

Paramount Global wrote down the value of its cable networks by nearly $6 billion Thursday, in another sign of how significantly the television market has deteriorated in the era of streaming video.

Paramount Global writes down value of cable networks by $6 billion

NEW YORK , Aug. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the second quarter ended June 30, 2024. Please visit the Paramount Investors homepage to view the press release.

Paramount Global Reports Second Quarter Earnings Results

Disney

Roku

While streaming remains the future of the entertainment industry, it has become difficult to make a go of the business. The hype that surrounded streaming during the pandemic when everyone was locked down at home has subsided.

3 Streaming Service Stocks to Sell in August Before They Crash & Burn

A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today; the “go-shop” period in the $8B Skydance deal closes August 21; and a new round of layoffs is expected next week.

Paramount Global Steels Itself For New Round Of Layoffs As Q2 Earnings Hit, End Of Skydance “Go-Shop” Period Nears

Paramount Global is a major conglomerate in the media and entertainment sector, trading at a 64% discount to its book value. The merger with Skydance Media offers potential synergies and management incentives, with a target share price of at least $25.00. Despite debt concerns and profitability uncertainties, PARA presents a compelling value play with promising prospects and increased profitability predicted for 2024 and 2025.

The Golden Age Of Paramount: Why The Entertainment Giant Is A Modern Value Play

Sony

Hiroki Totoki, Sony's chief financial officer, said the Japanese tech giant has no plans to submit a revised offer for Paramount. Totoki's comments mark a confirmation that Sony no longer plans to pursue Paramount, after independent film studio Skydance Media struck a deal to acquire the media giant.

Sony rules out renewing offer for Paramount, says it wouldn't fit strategy

Paramount Global's (PARA) second-quarter performance is expected to have been aided by the company's expanding content catalog and growing streaming services amid tepid Content-licensing revenues.

News for Paramount Global Stock (PARA)