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Paramount falls short of revenue expectations but posts surprise profit, strong streaming results - TL;DR CNBC

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

Tickers: WBDPARA

Keywords: paramount globaldividendsbusinessearningsbusiness newswarner bros discovery incentertainment

Source: https://www.cnbc.com/2024/02/28/paramount-global-para-earnings-q4-2023.html


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