Paramount Global (PARA)

NASDAQ: PARA · IEX Real-Time Price · USD
11.09
-0.12 (-1.07%)
At close: Feb 26, 2024, 4:00 PM
11.17
+0.08 (0.72%)
Pre-market: Feb 27, 2024, 7:39 AM EST
-1.07%
Market Cap 7.68B
Revenue (ttm) 30.15B
Net Income (ttm) -1.10B
Shares Out 684.81M
EPS (ttm) -1.78
PE Ratio n/a
Forward PE 14.13
Dividend $0.20 (1.80%)
Ex-Dividend Date Mar 14, 2024
Volume 17,684,171
Open 11.20
Previous Close 11.21
Day's Range 11.02 - 11.39
52-Week Range 10.51 - 24.00
Beta 1.86
Analysts Hold
Price Target 15.90 (+43.37%)
Earnings Date Feb 28, 2024

About PARA

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. Its TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Paramount Media Networks, Nickelodeon, BET Media Group, and CBS Sports. The company's Direct-to-Consumer segment provides portfolio of domestic and international pay and free streaming services... [Read more]

Industry Entertainment
Founded 1986
Employees 24,500
Stock Exchange NASDAQ
Ticker Symbol PARA
Full Company Profile

Financial Performance

In 2022, PARA's revenue was $30.15 billion, an increase of 5.49% compared to the previous year's $28.59 billion. Earnings were $1.10 billion, a decrease of -75.70%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for PARA stock is "Hold." The 12-month stock price forecast is $15.9, which is an increase of 43.37% from the latest price.

Price Target
$15.9
(43.37% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Paramount Global Downgraded Again To “Credit Watch Negative” By Ratings Agency S&P Due To “Weak” Cash Flow Trends

Paramount Global has been downgraded by credit ratings agency S&P to “credit watch negative” due to discouraging trends in its cash flow.

3 days ago - Deadline

Paramount Global Declares Quarterly Cash Dividends

NEW YORK , Feb. 22, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class ...

4 days ago - PRNewsWire

Paramount-Peacock merger could help to compete with Netflix: Analyst

Paramount+ (PARA) and NBC's Peacock are in talks to join forces. What could this potential merger mean for the greater media landscape and other streaming platforms?

Other symbols: NFLX
5 days ago - Yahoo Finance

We Just Downgraded These 2 Stocks. Is It Time to Sell?

#Morningstar  #WarnerBros #StockInvesting We've lowered the Morningstar Economic Moat Ratings on these companies to none from narrow. 00:00 Introduction 02:06 Warner Bros.

Other symbols: WBD
6 days ago - Morningstar

First Paramount, now Apple. Warren Buffett's Berkshire sells shares of tech giant

Berkshire Hathaway dumped a small portion of its Apple shares. The fourth-quarter selloff involved 10 million of the tech giant's stocks, an SEC filing showed.

Other symbols: AAPL
10 days ago - Fox Business

Paramount+ parent held talks with Comcast's Peacock about streaming deal: report

The development comes after Fox, Walt Disney's ESPN and Warner Bros Discovery said earlier this month they would launch a joint sports streaming service from their broad portfolio of professional and ...

Other symbols: CMCSA
10 days ago - New York Post

Why Paramount's problems should worry the rest of the media giants

Paramount is in trouble: The one-time media giant's ad sales are plummeting, and so is its stock price. Would-be buyers are kicking the tires, but no one seems in a hurry to make a deal — the price wi...

10 days ago - Business Insider

Paramount discussed streaming deal with Comcast, WSJ reports

Paramount Global has held recent talks with Comcast about joining forces in streaming through a partnership or joint venture, among several potential strategic options the entertainment company is pur...

Other symbols: CMCSA
10 days ago - Reuters

Paramount Discussed Streaming Deal with Comcast

The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock.

Other symbols: CMCSA
10 days ago - WSJ

Warren Buffett's Berkshire Hathaway dumps millions of Paramount shares

Berkshire Hathaway, the conglomerate run by billionaire investor Warren Buffett, offloaded about 30.4 million shares from its investment in Paramount Global.

11 days ago - Fox Business

3 Stocks Warren Buffett Is Buying (and 7 He's Selling)

Warren Buffett upped Berkshire Hathaway's holdings in the oil patch and trimmed its Apple stake, among other moves in Q4.

Other symbols: AAPLCVXDHIGLHPQMKLOXY
11 days ago - Kiplinger

Berkshire Hathaway Sells Shares Of Apple (AAPL) & Paramount (PARA)

Berkshire Hathaway trims its stake in Apple (AAPL) and Paramount (PARA). Jeff Pierce discusses this as Berkshire Hathaway sold 30.4M shares of Paramount and 10M of Apple.

Other symbols: AAPL
11 days ago - Schwab Network

A Few Companies Are Interested In Acquiring Paramount Global

This year with more media mergers and acquisitions anticipated, one of the biggest questions is whether Paramount PARA PARA Global will be sold. There have been indications that Shari Redstone, a cont...

11 days ago - Forbes

Buffett's Berkshire Hathaway Trimmed Positions in HP, Apple, and Paramount Global in Q4

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) sold off about 10 million shares or nearly $2 billion of Apple (AAPL) stock in the final quarter of 2023, according to the firm's 13-F filing, among ...

Other symbols: AAPLHP
11 days ago - Investopedia

Paramount Global shares fall 6% after Warren Buffett cuts stake

Shares of Paramount Global traded in the red after hours on Wednesday following the news that Warren Buffett's Berkshire Hathaway pared its holdings in the company.

12 days ago - Market Watch

Paramount shares plunge after Warren Buffett's Berkshire Hathaway cuts stake in media giant

Berkshire Hathaway owned a 15% stake in Paramount, which has been exploring a possible sale, and the expectation is that he will soon dump his remaining position, a source told The Post.

12 days ago - New York Post

Berkshire Sells Apple, Paramount, HP Stock, Buys More Chevron

Berkshire sold 10 million shares of Apple and now holds 905 million shares, or nearly half of the company's equity portfolio.

Other symbols: AAPLCVXHPQ
12 days ago - Barrons

CBS News Lays Off 20 Amid Paramount Global's Companywide Cuts

The companywide layoffs at Paramount Global impacted about 20 employees at CBS News, including correspondents Catherine Herridge and Jeff Pegues, several sources said today. CBS News did not comment o...

13 days ago - Deadline

Paramount Global slashing 800 jobs amid takeover talks, record Super Bowl: report

Paramount will focus its resources on its "most powerful, resonant franchises, films and series" and produce fewer local, international originals, CEO Bakish had said.

13 days ago - New York Post

Paramount to Cut 800 Jobs Even as CEO Bakish Touts ‘Blockbuster' Super Bowl

Chief Executive Bob Bakish says in an internal company memo that returning Paramount to earnings growth is a top priority.

13 days ago - Barrons

Paramount cuts 800 staff two days after Super Bowl was biggest ever TV show

Company that owns CBS, broadcaster of NFL showpiece, announces 3% reduction in global workforce

13 days ago - The Guardian

Paramount to cut 800 jobs even after Super Bowl broadcast notched record: report

Paramount Global is reportedly cutting 800 jobs on the heels of a record audience of 123 million views for Super Bowl Sunday, according to an internal memo published by the The Hollywood Reporter

13 days ago - Market Watch

Paramount Global to cut 800 jobs - CNBC

Paramount Global said on Tuesday it is laying off about 800 employees, or roughly 3% of its workforce, CNBC reported, citing a person familiar with the matter.

13 days ago - Reuters

Paramount layoffs: 800 employees to lose jobs

Paramount Global is opened in the red this morning after announcing plans of lowering its headcount by about 3.0%. The mass media company will lay off some 800 employees in total.

13 days ago - Invezz

Paramount Global Layoffs Begin; CEO Bob Bakish Tells Departing Employees, “Your Talents Have Helped Us Advance Our Mission”

Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday. An internal memo from CEO Bob Bakish (re...

13 days ago - Deadline