Paramount Global Reports Second Quarter Financial Results

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) reported its second quarter financial results for the period ended June 30, 2022. The company continues to expand its portfolio, which includes CBS, Showtime Networks, and Paramount+. Key highlights include substantial audience reach with innovative streaming services and a robust library of TV and film titles. Despite challenges in the media landscape, Paramount remains a key player in entertainment, emphasizing its commitment to delivering quality content and experiences to audiences worldwide.

Positive

• Expanded portfolio with CBS, Showtime Networks, Paramount+, and more.
• Strong audience reach in U.S. television market.
• Diverse offerings in streaming and digital content.

Negative

• None.

NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the second quarter ended June 30, 2022.

Please visit the Paramount investor relations website at https://ir.paramount.com/static-files/static-files/19c917ac-a92b-4e68-920a-db1264e56def to view the press release.

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 907998. 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 August 4, in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 709503.

The earnings release and any other information related to the call will be accessible on the Investors homepage of Paramount's website.

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 are the financial results for Paramount Global for Q2 2022?

Paramount Global reported its second quarter financial results for the period ended June 30, 2022, emphasizing growth across its media and entertainment portfolio.

How does Paramount Global's audience reach compare to competitors?

Paramount Global claims the largest share of the U.S. television audience, positioning itself strongly against industry competitors.

What is Paramount Global's strategy for streaming services?

Paramount focuses on innovative streaming solutions, leveraging its extensive library of content through platforms like Paramount+ and Pluto TV.