Paramount Global (OQ:PARA)
Business Focus: Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1515 Broadway NEW YORK NY 10036 |
| Tel: | N/A |
| Website: | https://www.paramount.com |
| IR: | See website |
| Key People | ||
| Chris Mccarthy Interim Principal Executive Officer, President, Chief Executive Officer, Showtime/MTV Entertainment Studios and Paramount Media Networks | Naveen Kumar Chopra Chief Financial Officer, Executive Vice President | George Cheeks President, Chief Executive Officer of CBS |
| Brian Robbins President, Chief Executive Officer of Paramount Pictures and Nickelodeon | Nancy R. Phillips Executive Vice President, Chief People Officer | Christa A. D' Alimonte Executive Vice President, General Counsel, Secretary |
| Jaime Morris Executive Vice President - Investor Relations | Doretha F. Lea Executive Vice President, Global Public Policy and Government Relations | Julia Phelps Executive Vice President, Chief Communications and Corporate Marketing Officer |
| Business Overview |
| Paramount Global is a media, streaming and entertainment company. The Company has three segments. TV Media segment consists of its broadcast operations: CBS Television Network, CBS Stations and its international free-to-air networks; domestic premium and basic cable networks, including Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, CBS Sports Network and international extensions of certain of these brands, and domestic and international television studio operations. Direct-to-Consumer segment includes its portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+ and Noggin. Filmed Entertainment segment consists of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness and Miramax. Filmed Entertainment segment consists of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness and Miramax. |
| Financial Overview |
| For the three months ended 31 March 2024, Paramount Global revenues increased 6% to $7.69B. Net loss applicable to common stockholders excluding extraordinary items decreased 51% to $577M. Revenues reflect Direct to Consumer segment increase of 24% to $1.88B, TV Media segment increase of 1% to $5.23B. Lower net loss reflects Selling, general and administrative decrease of 5% to $1.66B (expense). |
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