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 is planning for “meaningful and sizeable” cost cuts in the coming months as it looks to balance streaming investments with declining pay-TV operations.

Paramount Eyes “Meaningful And Sizable” Cost Cuts, With Possible Restructuring Charge In Q4

Paramount Global (NASDAQ: PARA ) stock is falling on Wednesday after the entertainment company released earnings results for the third quarter of 2022. Let's begin with the company's adjusted earnings per share of 39 cents.

Why Is Paramount Global (PARA) Stock Down Today?

Paramount Global (NASDAQ:PARA ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Anthony DiClemente - Executive Vice President, Investor Relations Bob Bakish - President & Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Partners Bryan Kraft - Deutsche Bank Rich Greenfield - LightShed Partners Brett Feldman - Goldman Sachs Douglas Mitchelson - Credit Suisse Ben Swinburne - Morgan Stanley John Hodulik - UBS Operator Good morning or good afternoon. My name is Adam, and I'll be the conference operator today.

Paramount Global (PARA) Q3 2022 Earnings Call Transcript

Paramount reported its earnings results for the third quarter this morning, citing growth in global streaming subscribers. The company's flagship streaming service, Paramount+, saw a slight increase of 2.7 million subscribers in Q3, bringing the total to 46 million, up from 43.3 million in the second quarter when Paramount+ experienced a net add of 3.

Paramount+ reaches 46M global subscribers in Q3, but stock drops ~9% on revenue miss

The media company said revenue gains for its direct-to-consumer and film business were offset in part by a decline in its television division.

Paramount's Profit Falls on Rising Costs

Paramount Global shares slid in pre-market trading after the media company reported third-quarter financial results below Wall Street's expectations. While streaming service Paramount+ reached 46 million subscribers, up 4.6 million from the previous quarter, the broader picture was less rosy. Total revenue inched up 5% to $6.

Paramount Global Hits Bumps In Q3, With Pay-TV Declines Offsetting Streaming Progress; Stock Drops In Pre-Market Trading

Shares of Paramount Global PARA, +4.64% were falling more than 6% in premarket trading Wednesday after the media giant fell short of revenue and earnings expectations for its latest quarter. The company recorded third-quarter net earnings from continuing operations of $153 million, or 21 cents a share, down from $465 million, or 69 cents a share, in the year-before quarter.

Paramount stock slips as earnings, revenue fall shy of expectations

NEW YORK , Nov. 2, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2022. Please visit the Paramount investor relations website to view the press release.

Paramount Global Reports Third Quarter Financial Results

Although the fourth quarter is a historically strong period for the markets, Omega Advisors chairman and CEO Leon Cooperman remained wary.

Here's What Billionaire Investor Leon Cooperman Is Buying As He Anticipates A Recession In 2023

Paramount Global (NASDAQ: PARA) has been in a downturn over the past seven months but a Wells Fargo analyst warns the pain is not over just yet. Paramount stock could crash to $13 On Monday, Steven Cahall downgraded the media an entertainment conglomerate to “underweight”.

Paramount stock no longer deserves a premium multiple: Wells Fargo

In case their accounts weren't already down enough, investors of Paramount Global (NASDAQ: PARA ) are having yet another difficult day. PARA stock is down due to an unapologetic downgrade and price-target slashing at the hands of Wells Fargo analysts.

Paramount Global (PARA) Stock Slips on Wells Fargo Downgrade

Shares of Paramount Global Inc. were falling more than 3% in premarket trading Monday after a Wells Fargo analyst expressed concern about the company's streaming strategy and the outlook for traditional media.

Paramount stock falls after downgrade as analyst says strategy is ‘tougher to underwrite'

Linear TV companies like Paramount and Disney have considerably higher non-content expenses than streaming peers. This is probably due to the outsized advertising revenues that linear generates. However, these expenses will probably disappear when the linear bundle collapses.

Streaming Is Slimming, Paramount Is Swimming: What Recent Media Downgrades Are Missing

Monster High The Movie  Was The #1 Kids and Family Movie on Paramount+ During Its Launch Week and Reached More Than 4M Total Viewers on Nickelodeon  Share it: @Nickelodeon @Mattel @ ParamountPlus @MonsterHigh #Nickelodeon #MonsterHighMovie Click to embed the social post on Instagram , Twitter  and Facebook . HOLLYWOOD, Calif.

SKULL'S BACK IN SESSION! NICKELODEON AND MATTEL TELEVISION GREENLIGHT SEQUEL TO MONSTER HIGH LIVE-ACTION MOVIE MUSICAL

Europe offers Paramount+ more room for growth -- if it can avoid certain pitfalls.

Is Now the Right Time to Buy Paramount Stock?

Event Brings Together Talent & Advocates to Call for Disability Inclusion in Entertainment Actor, Comedian and Disability Rights Activist Danny Woodburn to Deliver Keynote Address Builds on Company Efforts to Strengthen Disability Representation On-screen & Behind Camera LOS ANGELES , Oct. 20, 2022 /PRNewswire/ -- Paramount Global announced today the "Paramount Global Summit on Disability," to be held virtually and in person at the company's Hollywood Gower office in Los Angeles on October 31, 2022. Presented by the Paramount Office of Global Inclusion, the day-long summit for employees and external partners will feature immersive discussions with performers from award winning series and films; company leaders; and philanthropic and non-profit champions to call attention to the need for greater disability inclusion in media and entertainment.

PARAMOUNT GLOBAL TO HOST SUMMIT ON DISABILITY

Paramount's shares have continued to dip over the last quarter. Cord cutting trends are moving faster than expected. The company's TV media segment declined in profitability. But Paramount's other segments are still performing well. Filmed entertainment is starting to generate solid revenue again. The company's robust content pipeline should help its streaming offerings.

Why The Market Is Wrong About Paramount Global

HOLLYWOOD, Calif. , Oct. 12, 2022 /PRNewswire/ -- CJ 4DPlex, the world's leading producer of premium film formats and cinema technologies, announced today that Paramount Pictures' "Top Gun: Maverick" has reached new heights with $60 million in box office sales in the company's premier theater formats, the visually immersive, 270-degree panoramic ScreenX and the multi-sensory 4DX.

PARAMOUNT PICTURES' "TOP GUN: MAVERICK" CONTINUES TO BREAK CJ 4DPLEX BOX OFFICE RECORDS WITH $60 MILLION IN SCREENX AND 4DX

Global media entertainment giant Paramount Global (NASDAQ: PARA) has had an image makeover and rebrand after a stock collapse.

Is Paramount Global Stock a Hidden Gem in Plain Sight?

Sneak Peek Episode of the Comedy-Adventure Animated Series to Air on Nickelodeon Following Premiere of Live-Action Movie Musical Monster High The Movie Share it: @Nickelodeon @NickAnimation @Mattel @MonsterHigh #Nickelodeon #MonsterHigh Click HERE  to embed the trailer. BURBANK, Calif.

NICKELODEON AND MATTEL DEBUT OFFICIAL TRAILER FOR ALL-NEW MONSTER HIGH ANIMATED SERIES

Novartis

Whether you're looking for dividends or growth, Novartis and Paramount Global could be viable options for you.

Got $5,000? These 2 Stocks Are Bargain Buys Right Now

MIAMI , Oct. 5, 2022 /PRNewswire/ -- Karisma Hotels & Resorts and Grupo Lomas are honored to announce two awards for Nickelodeon Hotels & Resorts Riviera Maya and Aqua Nick, the Leading Edge Award and the prestigious AAA's Four Diamond Award. The Leading Edge Award, was given to Grupo Lomas and Karisma Hotels & Resorts in partnership with Paramount Global, WhiteWater and Water Technology, Inc. for recognition of their work on Aqua Nick, the sprawling six-acre Nickelodeon-themed water park located at Nickelodeon Hotels & Resorts Riviera Maya, designed to ignite the spark of play for guests of all ages with 21 water slides, 2 floating rivers, an activity pool, sliming events, and so much more.

NICKELODEON HOTELS & RESORTS RIVIERA MAYA RECEIVES BACK-TO-BACK PRESTIGIOUS AWARDS

Morgan Stanley analyst Ben Swinburne looked at 40 companies over the past 10 years. Single-class structure was the way to go in media.

Dual-Class Media Stocks Like Paramount Trail Those With Single Classes

Paramount Global Inc. may have strong video streaming assets, but a “crumbling” of the broader linear TV ecosystem has one former bull questioning the stock's outlook.

Paramount stock downgraded amid ‘crumbling' linear TV landscape

NEW YORK , Sept. 28, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that on Wednesday, November 2, 2022, it will issue financial results for the third quarter ending September 30, 2022.

News for Paramount Global Stock (PARAA)