Profile
Sector:
Communication ServicesIndustry:
EntertainmentCountry:
United StatesIPO:
05 December 2005Website:
http://www.paramount.comNext earnings report:
28 February 2025Last dividends:
16 September 2024Next dividends:
16 December 2024Price
regular market | 1 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
PARA Latest News
The 70-year-old daughter of the late media mogul Sumner Redstone paid $186 million last month to settle debts for National Amusements, which is the company that controls 77.5% of Paramount's voting shares, according to sources familiar with the matter.
LOS ANGELES--(BUSINESS WIRE)--The 16th Skechers Pier to Pier Friendship Walk has raised more than $3.4 million for children.
Edgar Bronfman Jr. has increased his offer for Paramount Global in an effort to take it from Skydance. His first bid, made on Monday night, was $4.3 billion, but he has now raised it to $6 billion. This is an increase of $2 billion.
Paramount (PARA) shares have risen after news that media executive Edgar Bronfman is planning a bid to merge Paramount with National Amusements. Additionally, Paramount has reached an agreement to merge with Skydance, but it recently cut 15% of its staff and closed one of its TV studios.
Investors looking at stocks in the Media Conglomerates sector may be familiar with Paramount Global-B (PARA) and Reservoir Media, Inc. (RSVR). The question is, which of these two stocks offers a better value for investors at this moment?
The financial results for Paramount Global-B (PARA) provide an overview of the company's performance for the quarter ending in June 2024. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
Paramount Global-B (PARA) reported quarterly earnings of $0.54 per share, which is higher than the Zacks Consensus Estimate of $0.14 per share. This is an increase compared to earnings of $0.10 per share from the same period last year.
Paramount Global's (PARA) performance in the second quarter is likely to have benefited from its increasing range of content and the rise of its streaming services, even though content-licensing revenues have been weak.
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What type of business is Paramount Global?
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands. This segment also offers domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consisting of CBS News Streaming and CBS Sports HQ. The Direct-to-Consumer segment provides a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+, and Noggin. The Filmed Entertainment segment produces and acquires films, series, and short-form content for release and licensing around the world, including in theaters, on streaming services, on television, through digital home entertainment, and DVDs/Blu-rays; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. It also offers production, distribution, and advertising solutions. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was founded in 1914 and is headquartered in New York, New York. Paramount Global is a subsidiary of National Amusements, Inc.
What sector is Paramount Global in?
Paramount Global is in the Communication Services sector
What industry is Paramount Global in?
Paramount Global is in the Entertainment industry
What country is Paramount Global from?
Paramount Global is headquartered in United States
When did Paramount Global go public?
Paramount Global initial public offering (IPO) was on 05 December 2005
What is Paramount Global website?
https://www.paramount.com
Is Paramount Global in the S&P 500?
Yes, Paramount Global is included in the S&P 500 index
Is Paramount Global in the NASDAQ 100?
No, Paramount Global is not included in the NASDAQ 100 index
Is Paramount Global in the Dow Jones?
No, Paramount Global is not included in the Dow Jones index
When was Paramount Global the previous earnings report?
No data
When does Paramount Global earnings report?
The next expected earnings date for Paramount Global is 28 February 2025