Paramount stock rises after strong earnings report, adding to blockbuster day
Publishing timestamp: 2023-11-02 19:10:54
Summary
Paramount Global's stock moved higher after reporting strong revenue and subscription trends in its third-quarter earnings report. The company saw a 38% increase in revenue year over year and added 2.7 million net subscribers to its streaming service Paramount+. However, ad revenue was weak, and the TV ad market posed a challenge. The company remains focused on its strategy and expects significant earnings growth in 2024.
Sentiment: MIXED
Tickers: PARA,
Keywords: life, business news, media, earnings, breaking news: business, entertainment, paramount global,
Source: https://www.cnbc.com/2023/11/02/paramount-global-para-earnings-q3-2023.html