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Advertising

Affiliate and subscription

Theatrical

Licensing and other

Affiliate

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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.

Outstanding Shares

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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

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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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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

Comcast

Twenty-First Century Fox

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

Burlington Stores

Campbell Soup

DISH Network

Etsy

Harley-Davidson

Macy's

Walgreens

Harley-Davidson, Macy's, and Etsy are among the market's biggest losers this year.

'Tis the Season for Tax-Loss Selling. Short These Stocks.

Paramount can crank out the blockbuster films when it needs more revenue. Paramount has a treasure trove of content it can leverage in the streaming wars.

3 Things Smart Investors Know About Paramount Global Stock

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced that its previously announced cash tender offers (collectively, the "Any and All Offers") for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026  (collectively, the "Any and All Securities") expired as of 5:00 p.m., New York City time, on November 9, 2023 (the "Any and All Expiration Date").

Paramount Global Announces the Expiration and Results of its Any and All Tender Offers for Certain Outstanding Debt Securities

AMC Networks

Cinemark Holdings

Nexstar Media Group

The “meme mania” that once propelled AMC Entertainment (NYSE: AMC ) stock to lofty price levels has long left the scene. Even as a speculative trade, AMC is no longer one of the strong opportunities among entertainment stocks.

7 Entertainment Stocks That Are Way Better Buys Than AMC

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced the pricing terms of its previously announced cash tender offers (collectively, the "Any and All Offers") for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 (collectively, the "Any and All Securities"). The Any and All Offers are being made pursuant to and are subject to the terms and conditions set forth in the Offer to Purchase dated November 2, 2023 (as amended or supplemented, the "Offer to Purchase") and related notice of guaranteed delivery (as may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery").

Paramount Global Announces the Pricing Terms of its Any and All Tender Offers for Certain Outstanding Debt Securities

Disney

Disney (DIS), Paramount (PARA), and Warner Bros. Discovery (WBD) shares surged Thursday after studios reached a tentative deal with striking actors, bringing the 118-day Hollywood strike to an end.

Disney, Paramount Shares Rise After Studios Reach Tentative Deal With Actors

Hollywood actors yesterday struck a tentative three-year contract worth more than $1 billion with major studios, which will increase minimum salaries.

Media Stocks React to SAG-AFTRA Tentative Deal

Arista Networks

Expedia

Generac Holdings

Gartner

Monolithic Power Systems

Insulet

Watch out "Magnificent Seven." There's a new set of eight S&P 500 stocks taking off in the ongoing eight-day rally.

Eight Stocks Dominate S&P 500's Impressive 8-Day Rally

TROY, Mich.--(BUSINESS WIRE)--J.D. Power: Digital Engagement Paramount to Customer Satisfaction, Reducing Cost to Serve.

Digital Engagement Paramount to Customer Satisfaction, Reducing Cost to Serve, J.D. Power Finds

Netflix

Investors in Hollywood studios on Thursday cheered a tentative deal with actors that could help restart production of movies and shows halted by a series of strikes since spring.

Big media rallies as tentative actors' deal paves way for restarting productions

The stocks of studios and streaming companies were mostly higher early Thursday, after Hollywood's actors union reached a tentative deal with studios to end its strike, ending months of labor strife that ground the film and television industries to a historic halt, as the Associated Press reported. While union members have yet to vote on the three-year contract agreement, the leadership declared that the strike will end at 12:01 a.m.

Studio and streaming company stocks rally after Hollywood's actors union reaches tentative deal to end strike

Hollywood's actors and studios have a preliminary labor agreement.

SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios

This Buffett stock was a big loser in 2023 until last week's strong Q3 earnings results. Investors especially liked the stock's improving prospects for 2024.

The S&P 500 Just Had Its Best Week of 2023. Can You Still Buy This High-Flying Warren Buffett Stock?

News for Paramount Global Stock (PARA)