Paramount falls short of revenue expectations but posts surprise profit, strong streaming results
Publishing timestamp: 2024-02-28 17:03:43
Summary
Paramount Global missed revenue expectations for the fourth quarter but posted a surprise quarterly profit. Paramount+ reached 67.5 million subscribers, with a net increase of 4.1 million. The company is exploring sale options for all or parts of its business as the media landscape changes.
Sentiment: MIXED
Keywords: paramount global, dividends, business, earnings, business news, warner bros discovery inc, entertainment,
Source: https://www.cnbc.com/2024/02/28/paramount-global-para-earnings-q4-2023.html