Earnings

Paramount Global PARA earnings Q3 2023

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The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023.

Patrick T. Fallon | AFP | Getty Images

Paramount Global’s stock moved higher in extended trading Thursday after it reported strong revenue and subscription trends in its third-quarter earnings report.

The after-hours move came on top of an already-strong day for the media giant. The stock closed more than 10% higher during the regular trading session Thursday.

Paramount — home to brands such as CBS, Showtime, BET, Nickelodeon and its namesake movie studio — reported a 38% increase in revenue year over year. In the third quarter, streaming service Paramount+ saw 2.7 million net…



Source cnbc.com

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