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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.

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.

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More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.

Spring 2023 Layoff Tracker: Paramount, Novavax, LinkedIn Cut Hundreds Of Employees

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. Dividend Income is my primary vehicle on the road to Financial Freedom, which you can see through my Dividend Portfolio.

Dividend Income Summary: Lanny's April 2023 Summary

Although the move was widely expected, Paramount Global sold off because of a drastic dividend cut. My personal opinion is that this move was overdue and will create massive value. I present the math within the article.

Paramount: Dividend Cut Creates Massive Value

NEW YORK — Simon & Schuster is again up for sale. Months after a federal judge halted Penguin Random House's plan to purchase its longtime rival, Simon & Schuster's CEO and parent company, Paramount Global, have confirmed that the publisher is back on the market, with a sale possible by the end of the year.

Simon & Schuster is up for sale again, executives confirm

Paramount Global's (PARA) first-quarter results reflect a spike in the viewership for its streaming services, boosted by the strong adoption of Paramount+, offset by lower advertising revenues.

Paramount Global (PARA) Q1 Earnings Miss, Revenues Decline

Paramount Global shares plunged more than 25% after a dismal first-quarter earnings report. Citing a weak advertising market in its TV business, the company also cut its dividend sharply.

Paramount shares plunge more than 25% following dismal earnings

Investors were processing a disappointing earnings report that included a cut to its quarterly dividend. Paramount is seeing its earnings deteriorate as it ramps up spending to support future growth in streaming.

Why Paramount Global Stock Plunged This Week

Entertainment stocks suffered a hefty blow as mass-media conglomerate Paramount (NASDAQ: PARA ) delivered deeply disappointing earnings results. Primarily, a weak advertising market represented the main culprit of the red ink, forcing management to cut its dividend.

Why Are Entertainment Stocks PARA and DIS Down Today?

Paramount cut its quarterly dividend from $0.24 to $0.05. The company also missed estimates on the top and bottom lines.

Why Paramount Global Stock Was Plunging Today

The involvement of Warren Buffett, who highly values dividend payers, has helped sustain Paramount's stock through the streaming market's reset.

Paramount's Slashed Dividend Will Cost It

The company incurred a $1.7 billion charge in connection with its plan to integrate Showtime into its Paramount+ streaming service and remove certain programming.

Paramount shares tank 28% after posting Q1 loss of $1.1B

Paramount Global (NASDAQ:PARA ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Kristin Southey - Executive Vice President, Investor Relations Bob Bakish - President and Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Securities Brett Feldman - Goldman Sachs Ben Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Securities Rich Greenfield - LightShed Partners Robert Fishman - MoffettNathanson Doug Mitchelson - Credit Suisse Phil Cusick - JPMorgan Operator Good morning. My name is Nadia, and I'll be the conference operator today.

Paramount Global (PARA) Q1 2023 Earnings Call Transcript

Paramount Global (NASDAQ:PARA) is crashing after its disappointing first-quarter results, down 18.6% at $18.82.

Paramount Stock Stages Post-Earnings Plummet

In a dividend shocker this morning, Paramout Global said it's slashing quarterly payouts to 5 cents, so 20 cents, annually — a major drop from about 24 cents a quarter or nearly a buck a year.

Paramount Slashes Dividend To Conserve Cash, Preps Simon & Schuster Sale, Cites “Disciplined Approach” To Headcount As Stock Plunges 25%

The media company said the charges are tied to a plan to remove certain programming as it combines streaming platforms. Shares fell more than 20%.

Paramount Posts Loss on $1.7 Billion Charge, Cuts Dividend

Paramount Global-B (PARA) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.60 per share a year ago.

Paramount Global-B (PARA) Lags Q1 Earnings and Revenue Estimates

Paramount Global missed first-quarter revenue estimates after adding fewer subscribers to its streaming service. Paramount+ added 4.1 million subscribers during the quarter, compared to 9.9 million in the preceding quarter, falling behind the competition from established players such as Netflix and Disney+.

Paramount misses 1Q revenue estimates as advertisers cut spending and streaming growth slows

Paramount Global shares plummet as company cuts dividend and earnings miss estimates.

Paramount Global shares fall 17% premarket after revenue, earnings miss estimates

The previously announced integration of Showtime into Paramount+ draws closer as the company reports its first-quarter fiscal earnings. Paramount+ with Showtime is set to launch in the third quarter.

Paramount+ grows to 60M subs as it prepares to integrate with Showtime

Paramount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment. The stock is down 15% in early trading Revenue was flat (down 1%) at $7.26 billion in the first quarter from the year earlier, below.

Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock Drops

Paramount Global Inc. PARA, -0.43% will slash its quarterly dividend to 5 cents a share from 24 cents a share, the media giant announced Thursday. This “updated dividend policy we have announced today will further enhance our ability to deliver long-term value for our shareholders as we move toward streaming profitability,” Chief Executive Bob Bakish said in a release.

Paramount slashes quarterly dividend by 79%, stock plummets

Advertising revenue for television media falls 11% year over year in the first quarter.

Paramount Cuts Dividend. There Are More Reasons Why the Stock Is Sinking.

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In mid-morning trading on Tuesday, the Dow Jones industrials were down 1.34%, the S&P 500 down 1.37% and the Nasdaq 1.16% lower.

News for Paramount Global Stock (PARA)