Paramount Global Reports First Quarter Financial Results

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) reported its financial results for Q1 2022, ending March 31. The company highlights strong engagement across its platforms, including CBS, Showtime, Paramount+, and Pluto TV. While specific earnings figures were not disclosed in this press release, the company emphasizes growth in its audience share and extensive content library. An earnings call is scheduled for May 3, 2022, at 8:30 a.m. ET, with a live audio webcast available. Paramount continues to focus on innovative streaming services and media expansion.

Positive

• Strong audience engagement across platforms.
• Largest share of the U.S. television audience.
• Diverse portfolio including CBS, Showtime, and Paramount+.

Negative

• None.

NEW YORK, May 3, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the first quarter ended March 31, 2022. Please visit the Paramount investor relations website at ir.paramount.com to view the press release and other earnings material.

The company will conduct a conference call at 8:30 a.m. (ET) today, and a live audio webcast will be available on Paramount's Investor Relations homepage.

The call can also be accessed by dialing 844-200-6205 (domestic) or 929-526-1599 (international) using access code 041459. Please call five minutes in advance to ensure that you are connected prior to the call.

An audio replay of the call will be available beginning at 11:30 a.m. (ET) on May 3, in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 337748.

About Paramount 

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @Paramount on social platforms.

PARA-IR

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SOURCE Paramount Global

FAQ

What were Paramount Global's financial results for Q1 2022?

Paramount Global reported its Q1 2022 earnings but did not disclose specific figures in this release.

When is Paramount Global's earnings call scheduled?

The earnings call is scheduled for May 3, 2022, at 8:30 a.m. ET.

How does Paramount Global's audience share compare in the media industry?

Paramount Global delivers the largest share of the U.S. television audience.

What platforms does Paramount Global operate?

Paramount Global operates platforms such as CBS, Showtime, Paramount+, and Pluto TV.