Reported 17 days ago
Paramount Global will announce its third quarter earnings before the market opens on Friday, as it prepares for its merger with Skydance Media, anticipated to finalize in the first half of 2025. The company expects a direct-to-consumer loss of $161.5 million for Q3, down from $238 million a year ago, but a shift from a profit of $26 million in Q2. Despite challenges, including a substantial write-down on its cable business and workforce layoffs, theater and streaming revenue is under review, with analysts projecting subscriber growth due to the NFL and college football's return.
Source: YAHOO