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

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Television media is by far Paramount's biggest breadwinner. Its streaming arm has been consistently losing a great deal of money.

All of Paramount Global's Profits Come From 1 Part of Its Business. Is That a Problem for the Stock?

Morgan Stanley lowered its price target on Paramount stock to $10 just before earnings. Paramount beat on earnings one day later -- but missed on sales.

Paramount Stock Has 10% Downside, According to 1 Wall Street Analyst

Paramount beat on earnings Wednesday but missed on revenue. Media reports say Warner Bros.

Paramount Stock Has 67% Upside, According to 1 Wall Street Analyst

There has been a lot of news about Paramount PARA PARA Global. One of them has the media company in preliminary discussion with Comcast CMCSA about partnering their respective streaming services Paramount+ and Peacock.

Streamers Paramount+ And Peacock In Talks About Partnering

NEW YORK , Feb. 29, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer of Paramount Global, will participate in a question-and-answer session during the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Wednesday, March 6, 2024, at 8:00 a.m. PT. A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com.

Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the 2024 Morgan Stanley Technology, Media & Telecom Conference

Paramount Global (NASDAQ:PARA) shares are up 4% in premarket trading after it surprised investors with a fourth-quarter profit despite revenues slipping as a result of weaker ad spend. Earnings per share came in at 4 cents during the last three months of 2023, beating Wall Street estimates of a 1-cent loss.

Paramount rises as streaming helps drive surprise profit beat

The Super Bowl gave its beleaguered ad business a lift, though deal rumors still cloud the media giant's future.

Paramount's Big Game Is Still a Sideshow

Paramount Global (PARA) Q4 2023 Earnings Call Transcript

Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform.

Paramount puts up a surprise adjusted profit, as higher streaming prices boost revenue

Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed by intense competition from streaming rivals and a weak advertising market.

Paramount's quarterly revenue misses estimates as weak ad market offsets streaming gains

The media heiress' National Amusements has sold off a chunk of its real estate holdings in a scramble to make a $40 million debt payment, The Post has learned.

Shari Redstone sells real estate assets of Paramount's holding company to make $40M debt payment: sources

Paramount Global expects to take a $1 billion charge in the current quarter due to ongoing programming shifts and the layoffs it announced earlier this month. CFO Naveen Chopra delivered that outlook during the company's fourth quarter earnings call with Wall Street analysts.

Paramount Global Says It Will Take $1B Charge Related To Layoffs And Content Strategy Shifts

Paramount+ is expected to reach profitability in 2025, CEO Bob Bakish said.

Paramount misses revenue estimates as weak ad market offsets streaming gains

Paramount+ reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year.

Paramount falls short of revenue expectations but posts surprise profit, strong streaming results

Paramount misses quarterly revenue estimates as weak ad market offsets streaming gains

Paramount Global's earnings in the fourth quarter edged Wall Street forecasts, but a double-digit slide in advertising dragged down total revenue by 6%. Revenue came in at $7.6 billion, while earnings came in at 4 cents a share. Analysts had expected a loss of 1 cent, but revenue of $7.84 billion.

Paramount Global Q4 Earnings Nip Wall Street Forecasts But Ad Decline Hits Revenue; Company Projects Domestic Streaming Profit By 2025

NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the fourth quarter and full year ended December 31, 2023. Please visit the Paramount Investors homepage to view the press release.

Paramount Global Reports Fourth Quarter and Full Year 2023 Earnings Results

Warner Bros Discovery Inc

Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) has reportedly slammed the brakes on plans to acquire Paramount Global (NASDAQ:PARA) after several months of deliberations over the move to create a Hollywood giant. After David Zaslav and Bob Bakish, respective chief executives of the two studios, held talks in recent months, discussions have now cooled off, according to CNBC-cited sources.

Warner Bros Discovery merger with Paramount stalls - report

Shares of Warner Bros. Discovery Inc. and Paramount Global Inc. rose after a new report said merger talks between the media giants have stopped.

Warner Bros. Discovery, Paramount shares rise on report that merger talks have halted

Warner Bros. Discovery is reportedly hitting pause on merger talks with Paramount Global, a deal that could have created a streaming and broadcast giant.

Warner Bros. Discovery reportedly halts merger talks with Paramount Global.

Paramount Global's list of potential suitors shrank Tuesday after Warner Bros. Discovery reportedly said it is no longer pursuing merger talks with the struggling media giant.

Warner Bros. Discovery halts merger talks with Paramount Global: report

Warner Bros. Discovery has paused merger talks with Paramount Global, sources told CNBC on Tuesday, just two months after talks started on what would be a blockbuster shake-up in the burgeoning streaming wars.

Warner Bros. Discovery Pauses Merger Talks With Paramount, Report Says

Warner Bros Discovery Inc is trending up at writing following news that it has paused mergers talks with Paramount Global. The mass media giant was reported to have seriously engaged in discussions with $PARA over a potential merger in January.

Warner Bros Discovery has reportedly paused merger talks with Paramount

Warner Bros Discovery is no longer pursuing a merger with Paramount Global , halting talks after several months of kicking the tires on merging the media companies, CNBC reported on Tuesday, citing sources familiar with the matter.

Warner Bros Discovery halts merger talks with Paramount Global, CNBC reports

Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

News for Paramount Global Stock (PARAA)