Reported 16 days ago
Paramount Global has reported mixed Q3 results, with revenue at $6.73 billion, below estimates, but adjusted earnings per share of $0.49 surpassed expectations. Analyst Geetha Ranganathan emphasizes that the primary focus for media companies like Paramount is to shift towards profitability, particularly as streaming services work to reduce losses and enhance their financial performance. With challenges in traditional TV, demonstrating profitability in direct-to-consumer segments is crucial for the company's future.
Source: YAHOO