Paramount Global (PARAA)

NASDAQ: PARAA · IEX Real-Time Price · USD
23.04
+0.67 (3.00%)
Apr 26, 2024, 2:00 PM EDT - Market open
3.00%
Market Cap 7.50B
Revenue (ttm) 29.65B
Net Income (ttm) -608.00M
Shares Out 340.72M
EPS (ttm) -1.02
PE Ratio n/a
Forward PE 21.54
Dividend $0.20 (0.87%)
Ex-Dividend Date Jun 17, 2024
Volume 31,833
Open 22.61
Previous Close 22.37
Day's Range 22.32 - 23.33
52-Week Range 13.40 - 27.23
Beta 1.78
Analysts Hold
Price Target 14.32 (-37.85%)
Earnings Date Apr 29, 2024

About PARAA

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelod... [Read more]

Industry Entertainment
Founded 1986
Employees 21,900
Stock Exchange NASDAQ
Ticker Symbol PARAA
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for PARAA stock is "Hold." The 12-month stock price forecast is $14.32, which is a decrease of -37.85% from the latest price.

Price Target
$14.32
(-37.85% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Paramount Global mulls replacing CEO Bakish as it pursues merger

Paramount Global's PARA, -1.07% board is mulling replacing Chief Executive Bob Bakish with a committee of top executives to run the entertainment giant on an interim basis as the company considers a s...

15 minutes ago - Market Watch

Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison's studio and its backers take control of the storied film and television company owned by Shari Red...

Other symbols: APOSONY
20 hours ago - Deadline

Paramount and Skydance inch closer to a merger - as key hurdle looms

CNBC's Alex Sherman joins 'Closing Bell' to discuss reports that Skydance and Paramount moving closer to a potential merger.

22 hours ago - CNBC Television

Paramount and Skydance inch closer to a merger as key hurdle looms

Paramount Global and Skydance are getting closer to final terms on a merger agreement, but a renewal with Charter remains an obstacle.

22 hours ago - CNBC

PARAMOUNT+ RENEWS ORIGINAL ANIMATED PRESCHOOL SERIES DORA FOR A SECOND SEASON

From Nickelodeon Animation, Season One Is Now Available to Stream Exclusively on Paramount+ Download DORA Images Here LOS ANGELES , April 24, 2024 /PRNewswire/ -- Paramount+ today announced that its o...

2 days ago - PRNewsWire

In Paramount takeover effort, Silicon Valley and Hollywood worlds collide

David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rar...

3 days ago - Reuters

Paramount Global CEO Bob Bakish's 2023 Pay Totals $31.3M, Down Slightly From Prior Year

Paramount Global CEO Bob Bakish saw his total compensation dip slightly in 2023, to $31.3 million from $32 million in the prior year. The latest figures were disclosed Monday in an SEC filing. The nex...

3 days ago - Deadline

A Sony Bid for Paramount Would be a Win-Win

Any deal involving a takeover by the Japanese giant still faces thorny obstacles, antitrust regulators and boardroom drama among them.

Other symbols: SONY
4 days ago - WSJ

Inside the Financials of Skydance, Paramount's Suitor

The companies are in exclusive merger talks. Skydance expects a surge in growth in coming years.

6 days ago - WSJ

Paramount Shares Leap As Investors Cheer Sony-Apollo Scenario

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo's bid for Paramount. The beleaguered ...

Other symbols: APOSONY
6 days ago - Deadline

Paramount shares jump more than 10% as Sony, Apollo discuss joint buyout bid

Paramount is currently engaged in exclusive deal talks with Skydance Media, though some investors have urged Paramount to explore other options.

Other symbols: SONYAPO
7 days ago - New York Post

Apollo's Paramount Bid Gets Key Boost With Sony Support

Apollo Global Management Inc. is one of Wall Street's biggest names, but its bid for Paramount Global took on greater credibility with Sony Group Corp. joining the offer, Bloomberg's Chris Palmeri rep...

Other symbols: APOSONY
7 days ago - Bloomberg Markets and Finance

Paramount rallying on news of possible Apollo-Sony joint bid

Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss the deal talks surrounding Paramount.

Other symbols: APOSONY
7 days ago - CNBC Television

As Paramount's stock soars, bonds see net selling despite juicy yields and discounted prices

Paramount Global's stock was up 8% on Friday after a report that Sony's movie studio division is in talks with Apollo Global Management about joining a bid for the parent of CBS and other media proper...

7 days ago - Market Watch

Paramount Jumps as Sony, Apollo Reportedly Consider a Joint Bid for the Media Giant

Paramount Global (PARA) shares soared close to 8% in early trading Friday after The New York Times reported that Sony Group's (SONY) studio division was in talks with Apollo Global Management about jo...

Other symbols: APOSONY
7 days ago - Investopedia

Sony, Apollo discuss joint bid for Paramount, says source

Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global , according to a person familiar with the matter.

Other symbols: APOSONY
7 days ago - Reuters

Sony Is Said to Be in Talks With Apollo on Joint Paramount Bid

Bloomberg has learned that Sony Group Corp. and Apollo Global Management Inc. are considering teaming up in a bid for the film and TV giant Paramount Global. The two companies haven't submitted an off...

Other symbols: APOSONY
7 days ago - Bloomberg Markets and Finance

Sony in talks with Apollo to team up on bid to buy Paramount: sources

Sony Group and Apollo Global Management are in talks to team up on a bid for Paramount Global, sources told The Post on Thursday.

Other symbols: APOSONY
7 days ago - New York Post

Paramount shares rise after Sony, Apollo reportedly seek to join deal talks

Shares of Paramount Global traded higher following a report that Sony's movie studio division is in talks with Apollo Global Management about joining a bid for Paramount.

Other symbols: APOSONY
7 days ago - Market Watch

Sony In Talks To Team With Apollo In Bid For Paramount Global

Remember those rumors, oh, eight years ago about how Sony was a target for acquisition? No more. Still, don't say merger yet. Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerr...

Other symbols: APOSONY
7 days ago - Deadline

Sony Joins Talks To Buy Paramount—Boosting Paramount Shares 12%

Sony and investment firm Apollo Management are in talks about a joint buyout of Paramount Global, according to multiple outlets, sending Paramount shares up around 12% in after-hours trading Thursday.

Other symbols: SONYAPO
7 days ago - Forbes

PARAMOUNT GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Potential Sale of Paramount Global - PARA

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the potential sale of Paramount Globa...

8 days ago - Business Wire

Paramount not expected to reach deal with Skydance by 30-day deadline: report

The two companies will not likely strike a deal by May 3, which is when the exclusive window expires, CNBC's David Faber said Wednesday.

9 days ago - New York Post

Looming Paramount Global Deal

Jon Klein, HANG Media Co-Founder, takes us through the possible Paramount deal as Media mogul David Ellison is in talks to take control of Paramount and merge it with his production company Skydance M...

10 days ago - Bloomberg Markets and Finance

Mario Gabelli comes out against Paramount's merger with Skydance: ‘I'd rather see no sale'

"There's no question I'd rather see no sale," Gabelli told The Post in an interview on Friday.

13 days ago - New York Post