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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Selling, general and administrative

Depreciation and amortization

Restructuring and other corporate matters

Net gain on sales

Programming charges

Impairment charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apple

Shares of Paramount Global (PARA) jumped over 9% Friday and Apple (AAPL) shares rose 0.7% following a report the two are in talks to bundle their streaming services.

Paramount and Apple Shares Rise After Report of Talks to Bundle Streaming Services

Two streaming giants, Apple and Paramount Global, have reportedly looked at pairing their separate platforms up in a bundle for streaming viewers.

Apple, Paramount reportedly eye streaming deal

Warner Bros. Discovery and Paramount Global shares jumped Friday.

Media stocks jump after report says Apple, Paramount are discussing streaming bundle

Apple and Paramount are reportedly in talks to bundle their streaming services at a discounted price. The move is aimed at making their offerings more affordable and appealing to consumers, as both companies face increasing competition and customer defections in the streaming industry, The Wall Street Journal (WSJ) reported Friday (Dec. 1), citing unnamed sources.

Report: Apple and Paramount Latest Streaming Services to Consider Bundling

Pfizer

Tesla

Ulta Beauty

U.S. equities began the new month higher after Fed Chair Jerome Powell said the central bank's tight monetary policy has been effective in battling inflation, although there's more work to be done. The Dow was adding to its 2023 record set yesterday, while the S&P 500 and Nasdaq were up slightly.

Midday Movers: Ulta Beauty and Paramount Global Rise, Pfizer and Tesla Fall

Paramount Global (NYSE: PARA) stock price has underperformed the broader market in 2022. The stock has dropped by more than 15% while the Dow Jones, S&P 500, and Nasdaq 100 indices have jumped by double-digits.

PARA stock price is struggling: Was Shari Redstone wrong?

Apple and Paramount are reportedly in talks to bundle their streaming services at a discount — a possible bid to shore up subscribers amid brutal competition with rivals including Netflix and Disney+.

Apple and Paramount in talks to combine streaming services amid fierce competition

Paramount Global shares rose Friday morning after a report highlighted the prospect of a bundled streaming offering with Apple Inc.'s Apple TV+ service.

Paramount's stock gets a lift amid report of potential Apple streaming bundle

The Wall Street Journal says the discussions are in the early stages.

Paramount Stock Rises as Report Says It May Bundle Streaming Services With Apple

Comcast

Sony

Elon Musk, the billionaire entrepreneur and owner of social media platform X, formerly known as Twitter Inc (NYSE:TWTR), swore in an interview on Wednesday at advertisers who left the platform over antisemitic content, according to Reuters.  While he was interviewed at the New York DealBook Summit yesterday, Musk first apologised for a tweet he published on November 15, in which he had agreed with an antisemitic post.

Musk swears at advertisers

Amazon

Twenty-First Century Fox

Thanksgiving broadcasts broke ratings records across the board, even as traditional TV grapples with cord-cutting.

Thanksgiving TV broadcasts drew record-breaking ratings, even as industry grapples with cord-cutting

Digital Realty Trust

Estee Lauder

Merck

Stanley Black & Decker

Tyson Foods

It's only November — but if you're like most investors — 2024 is what matters now. And some S&P 500 companies already look primed to put up big numbers.

7 Companies Will Propel Profit More Than 100% Next Year: Analysts

The media entertainment challenger raised eyebrows when it reported that global Paramount+ subscribers topped 63 million at the end of the third quarter of this year, driving 61% year-over-year revenue growth for the platform. The numbers show that the company's direct-to-consumer (DTC) digital strategy is gaining traction amid aggressive expansion moves.

3 reasons a squeeze could be in Paramount's coming attractions

Jaguar Health

Shares of Jaguar Health Inc. JAGX were mauled for a 21.2% loss in morning trading Tuesday, after the drug maker said it has not yet received data supporting the Phase 3 trial of its treatment of diarrhea in cancer patients receiving therapy. The company is awaiting results from its Good Clinical Practice vendors supporting the trial.

Jaguar Health's stock drops after results supporting ‘paramount' trial have not been received yet

Disney

That's former CBS PARA “Late Show” host David Letterman on his thoughts about returning to the program — at least for one night.

David Letterman returns to the CBS ‘Late Show' — for a night

Broadstone Net Lease

Bank of Nova Scotia

Chimera Investment

Canadian Imperial Bank of Commerce

Cisco Systems

Diageo

GlaxoSmithKline

Haleon PLC

Illinois Tool Works

Leggett & Platt

McDonald's

MDU Resources Group

Medical Properties Trust

NetApp

Realty Income Corp

Orion Office REIT

Philip Morris

Invesco S&P 500 High Dividend Low Volatility ETF

TotalEnergies SE

Visa

Vanguard Dividend Appreciation ETF

Vanguard S&P 500 ETF

Growing dividend income takes time and consistency. The Fed paused a rate hike in September and will likely remain in a holding pattern for November, with a modest chance of an increase in December. Increase passive income by consistently investing in the market and letting dividend reinvestment do the trick.

Dividend Income Summary: Lanny's October 2023 Summary

PFL Forms Global Powerhouse Poised to be MMA Co-Leader PFL + Bellator Combined Fighter Roster Equal to UFC – Both Rosters 30% Top 25 World-Ranked PFL to Launch Reimagined Bellator in 2024 with Bellator International Champions Series PFL Champions vs. Bellator Champions in Landmark MMA Mega-Event to be Staged in 2024 NEW YORK , Nov. 20, 2023 /PRNewswire/ -- Professional Fighters League (PFL) announced it has completed the acquisition of Bellator from Paramount Global (NASDAQ:PARA), creating a global powerhouse in mixed-martial arts (MMA) and accelerating the combined company to become the industry co-leader.

Professional Fighters League Acquires Bellator in Industry Transformative Deal

NEW YORK , Nov. 17, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced the pricing terms of its previously announced cash tender offers for the Maximum Offer Securities (as defined below) (the "Maximum Offer"). The Maximum Offer consists of the offer to purchase up to $540,922,623.28 aggregate purchase price of the Company's 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027 and 3.375% Senior Notes due 2028 (collectively, the "Maximum Offer 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 fees and expenses) (the "Maximum Offer Amount").

Paramount Global Announces the Pricing Terms of its Maximum Tender Offers for Certain Outstanding Debt Securities

NEW YORK , Nov. 16, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced the early tender results of its previously announced cash tender offers for the Maximum Offer Securities (as defined below) (the "Maximum Offer"). The Maximum Offer consists of the offer to purchase up to $540,922,623.28 aggregate purchase price of the Company's 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 table below (collectively, the "Maximum Offer 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 fees and expenses) (the "Maximum Offer Amount").

Paramount Global Announces Early Tender Results of its Maximum Tender Offers for Certain Outstanding Debt Securities

Office REITs have been heavily impacted by the work-from-home trend, resulting in a YTD loss of over 20%. Office REITs had the third-worst performance of any REIT sector in Q3 earnings season, with a 14% decline in FFO from a year ago. Major markets with long commute times, such as San Francisco and New York City, are experiencing ongoing softness in demand for office space.

Paramount Group: Pull The Plug

Warner Bros Discovery Inc

Paramount Global (NASDAQ:PARA) got a boost in its South Park legal battle with Warner Bros Discovery Inc (NASDAQ:WBD) in a ruling by New York judge Margaret Chan. With Warner Bros having sued Paramount in February to try and enforce exclusive streaming rights to South Park on its HBO Max platform.

Respect my authoritah: South Park legal gives Paramount win over Warner Bros Discovery

The judge's ruling leaves intact parts of Warner Bros. Discovery's lawsuit over a "South Park" streaming deal.

Judge sides with Paramount on some claims in Warner Bros. 'South Park' streaming lawsuit

Charter Communications

Live Nation

News Corp

AT&T

T-Mobile US

Verizon

The Communications Services sector of the S&P 500 is a mixed bag of companies growing revenue quickly and others with business models that are mature or undergoing transformation. Some of the latter have been crushed this year, but that could underline opportunities for 2024.

10 media stocks expected by Wall street analysts to rise as much as 60% in 2024

The "Oracle of Omaha" is known for seeking out companies with strong economic moats. But the media giant's streaming revenue may not compensate for what's losing on cable TV.

What Investors Can Learn From Buffett's Miss in Paramount Global Stock

News for Paramount Global Stock (PARA)