Paramount Global (PARAA)
Market Cap | 7.77B |
Revenue (ttm) | 29.65B |
Net Income (ttm) | -608.00M |
Shares Out | 345.52M |
EPS (ttm) | -1.02 |
PE Ratio | n/a |
Forward PE | 19.49 |
Dividend | $0.20 (0.93%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 54,207 |
Open | 21.77 |
Previous Close | 22.39 |
Day's Range | 21.37 - 21.81 |
52-Week Range | 13.40 - 27.23 |
Beta | 1.78 |
Analysts | Hold |
Price Target | 15.25 (-29.4%) |
Earnings Date | May 2, 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]
Financial Performance
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for PARAA stock is "Hold." The 12-month stock price forecast is $15.25, which is a decrease of -29.40% from the latest price.
News
Tom Cruise-WBD Deal Can't Hurt His $8 Billion Relationship With Paramount
When word broke in January that Tom Cruise signed a deal to develop original and franchise pictures with Warner Bros. Discovery, including having an office for the actor's Cruise/Wagner Productions co...
Paramount Defenses Celebrates Eighteen Years in Business, Announces Up To $100 Million Software Giveaway
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Paramount Defenses, the world's #1 cyber security company in privileged access, identity and Active Directory security, today announced that it is celebrating e...
Paramount Global to Sell India TV Stake to Reliance Industries
Paramount Global has agreed to sell its 13% stake in its Indian TV business to its local partner, Reliance Industries Ltd., for $517 million.
Paramount Global Sells Stake In Viacom18 To India's Reliance For $500 Million
Paramount Global has sold its 13% equity interest in Viacom18 Media to Indian conglomerate Reliance Industries for the equivalent $517 million. The close of the transaction, revealed in an SEC filing,...
India's Reliance to buy Paramount's stake in Viacom18
India's Reliance Industries has agreed to buy Paramount Global's entire 13.01% stake in local entertainment network Viacom 18 Media for about $517 million (42.86 billion Indian rupees), the U.S. compa...
Paramount Global to sell stake in India's Viacom18 to Reliance for over $500M
Paramount Global has reached a binding agreement to sell its stake in Indian media house Viacom18 to conglomerate Reliance for $517.4 million, the most valuable Indian firm disclosed to the local exch...
Paramount and Apollo in talks for strategic deal, says report
Apollo Global Management is in discussions with Paramount Global (PARA) about a possible acquisition or asset purchase. According to a report by Axios on Tuesday, a special committee formed by Paramou...
Apollo Global Management reached out to Paramount about a deal: Report
According to an Axios report, Apollo Global Management — the parent company of Yahoo — has reportedly reached out to Paramount Global (PARA, PARAA) to explore a potential deal. The private equity firm...
Paramount Is Being Eyed by Private Equity. It's Not the First Time.
A report says Apollo Global Management recently reached out to the entertainment giant about a possible takeover or asset purchase.
Apollo reaches out to Paramount about deal, Axios reports
Apollo Global Management has in recent days reached out to a special committee formed by Paramount Global about a possible takeover or asset purchase, Axios reported on Tuesday citing two sources fami...
Ariel's Rogers on Paramount, MSG, Fed, Being Patient
John Rogers, Ariel Investments founder, chairman and co-CEO, talks about investing in the live sports business, selling off shares of Manchester United, the value of Paramount Global and Madison Squar...
Paramount In Talks To Sell Stake In Viacom18 To Disney India Partner Reliance — Bloomberg
Paramount Global could be set for change in the tough Indian media market. A Bloomberg report, citing unnamed sources, claims the MTV and Comedy Central owner is in talks with Reliance Industries to s...
Paramount Will Be “Diligent” Exploring Alternatives, CFO Promises, As Management Focused On Turnaround
Paramount Global chief financial officer Naveen Chopra said management is chipping away at debt, cutting costs, heading towards streaming profitability and otherwise “focused on execution” but won't i...
Paramount Defenses Releases Gold Finger 8.0 to Secure Organizations Worldwide and Prevent Techno-Feudalism
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #autonomy--Paramount Defenses, the world's #1 cyber security company in privileged access, identity and Active Directory security, founded by an ex-Microsoft c...
Streamers Paramount+ And Peacock In Talks About Partnering
There has been a lot of news about Paramount PARA PARA Global. One of them has the media company in preliminary discussion with Comcast CMCSA about partnering their respective streaming services Param...
Paramount's 'key focus' has turned to profitability: Analyst
Paramount Global (PARA, PARAA) posted mixed fourth-quarter results, missing on revenue but returning to profitability as streaming revenue rose 69% annually. MoffettNathanson Senior Analyst Robert Fis...
Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the 2024 Morgan Stanley Technology, Media & Telecom Conference
NEW YORK , Feb. 29, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer of Paramount Global, will parti...
Paramount's Big Game Is Still a Sideshow
The Super Bowl gave its beleaguered ad business a lift, though deal rumors still cloud the media giant's future.
Paramount puts up a surprise adjusted profit, as higher streaming prices boost revenue
Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for...
Paramount's quarterly revenue misses estimates as weak ad market offsets streaming gains
Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed by intense competition from streaming rivals and a weak advertising market.
Shari Redstone sells real estate assets of Paramount's holding company to make $40M debt payment: sources
The media heiress' National Amusements has sold off a chunk of its real estate holdings in a scramble to make a $40 million debt payment, The Post has learned.
Paramount Global Says It Will Take $1B Charge Related To Layoffs And Content Strategy Shifts
Paramount Global expects to take a $1 billion charge in the current quarter due to ongoing programming shifts and the layoffs it announced earlier this month. CFO Naveen Chopra delivered that outlook ...
Paramount misses revenue estimates as weak ad market offsets streaming gains
Paramount+ is expected to reach profitability in 2025, CEO Bob Bakish said.
Paramount falls short of revenue expectations but posts surprise profit, strong streaming results
Paramount+ reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year.
Paramount misses quarterly revenue estimates as weak ad market offsets streaming gains
Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed by intense competition from streaming rivals and a weak advertising market.