Paramount Global (PARA) earnings Q4 2023


Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+.

Here’s how Paramount performed in the fourth quarter compared to Wall Street estimates from LSEG, formerly known as Refinitiv:

  • Earnings per share: 4 cents vs. an expected loss of 1 cent
  • Revenue: $7.64 billion vs. $7.85 billion expected

For the last three months of 2023, Paramount reported a profit of $514 million, or 77 cents per share, up from $21 million, or 1 cent per share, the year prior. Adjusted for one-time items, earnings per share were 4 cents for the period.

Paramount — home to brands such as CBS,…

Source cnbc.com

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