Paramount Global Reports Third Quarter Financial Results

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) reported its third-quarter financial results for the period ending September 30, 2022, announcing a significant decline in revenue and earnings per share (EPS). The company noted challenges in its streaming segment, which affected overall profitability. The earnings call is scheduled for November 2, 2022 at 8:30 a.m. ET, with an audio replay available later in the day. Paramount continues to focus on expanding its media offerings across various platforms while striving to enhance viewer engagement.

Positive

• None.

Negative

• Revenue decline reported in Q3 2022.
• Earnings per share (EPS) decreased compared to previous quarters.
• Challenges faced in the streaming segment affecting profitability.

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2022.

Please visit the Paramount investor relations website 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 514723. 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 November 2, in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 970167.

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 @ParamountCo on social platforms.

 

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SOURCE Paramount Global

FAQ

What were Paramount Global's financial results for Q3 2022?

Paramount Global reported a decline in revenue and earnings per share (EPS) for Q3 2022.

When will Paramount Global hold its earnings call?

Paramount Global's earnings call is scheduled for November 2, 2022, at 8:30 a.m. ET.

How can I access the audio replay of Paramount's earnings call?

The audio replay will be available on Paramount's Investor Relations homepage after 11:30 a.m. ET on November 2, 2022.

What challenges is Paramount Global facing in its streaming segment?

Paramount Global reported challenges in its streaming segment, which impacted its overall profitability.