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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As 2022 wrapped, Warren Buffett's Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants.

Warren Buffett's Berkshire Hathaway is the largest investor in these 8 stocks

Warner Bros Discovery Inc

NEW YORK — Warner Bros. Discovery Inc. WBD, -1.14% is suing Paramount Global PARA, -4.86% , saying its competitor aired new episodes of the popular animated comedy series “South Park” after Warner paid for exclusive rights.

Warner Bros. Discovery sues Paramount over $500 million ‘South Park' deal

StoneCo

Berkshire Hathaway only bought four stocks in the fourth quarter of 2022.

3 Buffett Stocks to Buy More of in February

Ally Financial

Floor & Decor Holdings

General Motors

So far this year, standout names from Berkshire Hathaway's portfolio include Nu Holdings and Paramount Global.

Warren Buffett stocks: Here are Berkshire Hathaway's 5 best-performing shares of 2023

NEW YORK , Feb. 21, 2023 /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 Deutsche Bank 31st Annual Media, Internet & Telecom Conference in Palm Beach, FL on Tuesday, February 28, 2023, at 8:50 a.m. ET. A live audio webcast will be available on Paramount's Investors website at ir.paramount.com.

Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the Deutsche Bank 31st Annual Media, Internet & Telecom Conference

The media company was one of the few stocks Warren Buffett's Berkshire Hathaway bought more of during the fourth quarter

Paramount Isn't Buffeted by Streaming Winds

Streaming subscribers will soon be paying more for Paramount+, whether or not they have Showtime added on to their plan.

Paramount+ to raise prices for its streaming plans later this year

Paramount Global executives announced Thursday that people will see an increase in the cost of Paramount+ streaming service subscriptions later in 2023.

Paramount+ to raise subscription prices

Paramount Global (NASDAQ:PARA ) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Anthony DiClemente – Executive Vice President, Investor Relations Bob Bakish – President and Chief Executive Officer Naveen Chopra – Chief Financial Officer Conference Call Participants Bryan Kraft – Deutsche Bank Michael Morris – Guggenheim Ben Swinburne – Morgan Stanley Rich Greenfield – LightShed Partners Jessica Reif Ehrlich – Bank of America Doug Mitchelson – Credit Suisse Phil Cusick – JPMorgan Kutgun Maral – RBC Capital Markets Operator Good morning. My name is Nadia, and I'll be the conference operator today.

Paramount Global (PARA) Q4 2022 Earnings Call Transcript

Last month, the company said it would integrate Showtime with Paramount+ across platforms later this year as it prioritizes streaming services.

Paramount to raise streaming prices after ad revenue slumps

Paramount Global stock edged lower on Thursday after the streaming giant posted fourth-quarter earnings that underperformed on both the top and bottom lines. After falling about 8% in pre-market trading, Paramount had pared its losses by mid-morning, trading down about 3.5% at US$23.69.

Paramount stock falls after 4Q earnings miss on top and bottom line despite record quarterly susbcriber growth

Paramount Global  (NASDAQ:PARA) stock is down 3.1% to trade at $23.77 at last check, after the company's fourth-quarter profits of 8 cents per share grossly missed expectations of 25 cents per share.

Quarterly Miss Weighs on Paramount Global Stock

Streamer adds more than rivals Netflix, Disney+, Hulu and more, Paramount reports during fourth quarter earnings call, boosting total subscribers to 56 million. On the horizon: A price increase.

‘Yellowstone' Effect? Paramount+ Adds An Industry-Best 9.9 Million

Paramount Global's CFO said today the company will take a $1.3 billion to $1.5 billion hit in the current first quarter mostly on content as it restructures its streaming business, absorbing Showtime into Paramount+ On a post-earnings conference call, Naveen Chopra said the combined service will raise prices: Paramount+ with Showtime will go from $9.

Paramount+ To Boost Prices; Paramount Global Will Take Up To $1.5 Billion Q1 Content Charge, See $700 Million In Cost Savings

Netflix remains the streaming service with the most subscribers.

Paramount Gains Subscribers As Disney+ Reports Losses: Where All The Major Streaming Services Stand

Following the major integration of Showtime into Paramount+ two weeks ago, Paramount reported its quarterly earnings this morning, announcing that Paramount+ gained 9.9 million subscribers in Q4 to bring the total to 56 million subs, up from 46 million in the previous quarter.

Paramount+ reaches 56M subs, raises prices as it combines with Showtime

Espolòn Tequila Celebrates New 360 Campaign as Promotional Partner of the Cult Classic Franchise, In Theatres March 10th NEW YORK , Feb. 16, 2023 /PRNewswire/ -- Espolòn® Tequila announced today that the brand will be the official tequila partner of one of this year's most anticipated films, Scream VI, through an exclusive collaboration with Paramount Pictures and Spyglass Media Group. The 6th installment in the Scream series follows the surviving cast members from last year's film as they leave behind Woodsboro and the Ghostface killings to start a fresh chapter.

Espolòn® Tequila Proves It's So Smooth You'll Scream, As The Official Tequila Partner of the Year's Most Anticipated Horror Movie, Scream VI

The media company said higher revenue from its direct-to-consumer and film segments offset declines in its core television business.

Paramount's Earnings Fall on Higher Streaming, Film Costs

Paramount+ added 9.9 million subscribers last quarter, grew revenue 81% year-on-year and saw losses widen in a mixed quarter for parent Paramount Global that saw total revenue about flat and overall profits falling steeply. The stock nearly 8% in pre-market trading. The studio looked bright last quarter on horror thriller Smile, released Sept. 30.

Paramount Global Shares Dip As Q4 Ad Sales Fall, Streaming Costs Rise; Paramount+ Adds 9.9 Million Subs; Film Bright On ‘Smile'

The entertainment company reported earnings per share of 8 cents, driven by a slowdown in advertising. Analysts had expected 24 cents.

Paramount Posts a Big Miss. The Stock Is Falling.

Shares of Paramount Global Inc. PARA, +9.31% were off about 3% in premarket trading Thursday after the media giant fell a bit shy of revenue expectations for its latest quarter while also recording a loss. The company posted a fourth-quarter net loss from continuing operations of $177 million, or 29 cents a share, whereas it logged net income from continuing operations of $2.0 billion, or $3.05 a share, in the year-prior period.

Paramount swings to a loss but sees record subscriber growth for Paramount+

Paramount Global Inc said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner.

Paramount to raise streaming prices as ad slump weighs on revenue

NEW YORK , Feb. 16, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA) (NASDAQ: PARAA) today announced financial results for the fourth quarter and full year ended December 31, 2022. Please visit the Paramount Investors website to view the press release.

Paramount Global Reports Fourth Quarter and Full Year Earnings Results

Warren Buffett's conglomerate didn't open new positions in any companies.

Berkshire Hathaway Boosts Stake in Apple, Paramount Global in Relatively Quiet Quarter

The entertainment giant decided to repackage its video-streaming services. Investors loved that idea.

News for Paramount Global Stock (PARAA)