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.

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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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While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the amount of shares they can buy.

5 ‘Strong Buy' Stocks Trading Under $20 With Huge Home Run Potential

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

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.

Paramount Shares Surge as Profit and Sales Rise on NFL Viewership, Streaming Additions

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

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

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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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

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?

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

As streaming subscriptions add new tiers to reach consumers across income groups, Paramount+ is rolling out its Premium tier around the world. As Paramount ANZ, the media company's Australia and New Zealand branch, announced Tuesday (Oct.

Paramount+ Rolls Out Premium Internationally as Streaming Giants Add Tiers

Paramount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.

Paramount's Shari Redstone is open for business, but business may not be open for her

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will conduct a conference call regarding the company's third quarter financial results at 4:30 p.m. (ET) on Thursday, November 2, 2023, following the release of its earnings materials.

News for Paramount Global Stock (PARAA)