Paramount Global (PARAA)

NASDAQ: PARAA · Delayed Price · USD
33.94
-0.79 (-2.27%)
At close: May 18, 2022 4:00 PM
35.00
1.06 (3.12%)
After-hours:May 18, 2022 5:57 PM EDT
Market Cap22.01B
Revenue (ttm)28.50B
Net Income (ttm)4.07B
Shares Out648.58M
EPS (ttm)6.94
PE Ratio4.89
Forward PE10.25
Dividend$0.24 (0.71%)
Ex-Dividend DateJun 14, 2022
Volume52,671
Open34.61
Previous Close34.73
Day's Range33.78 - 35.53
52-Week Range28.50 - 50.56
Beta1.53
AnalystsBuy
Price Target43.07 (+26.9%)
Earnings DateMay 3, 2022

About PARAA

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS ...

IndustryEntertainment
Founded1986
CEORobert Bakish
Employees22,965
Stock ExchangeNASDAQ
Ticker SymbolPARAA
Full Company Profile

Financial Performance

In 2021, PARAA's revenue was $28.59 billion, an increase of 13.06% compared to the previous year's $25.29 billion. Earnings were $4.54 billion, an increase of 87.57%.

Financial Statements

Analyst Forecast

According to 34 analysts, the average rating for PARAA stock is "Buy." The 12-month stock price forecast is 43.07, which is an increase of 26.90% from the latest price.

Price Target
$43.07
(26.90% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Paramount Global Showcases Full Scale and Power of IP-Driven, Multiplatform Content Company During Historic In-Person...

Built on the Strength of Iconic Brands, Premium Programming and Massive Reach Across Linear and Streaming to Deliver Unmatched Marketing Solutions for Advertising Partners *Click here for media assets *...

Other symbols:PARA
11 hours ago - PRNewsWire

CBS UNVEILS ITS 2022-2023 PRIMETIME LINEUP

The New Fall Dramas EAST NEW YORK, FIRE COUNTRY, SO HELP ME TODD and Unscripted Series THE REAL LOVE BOAT Join 18 Returning Shows Fall Schedule Features a New All-Reality Night on Wednesday from 8:00-11...

Other symbols:PARA
21 hours ago - PRNewsWire

PLUTO TV LAUNCHES IN NORDICS, UNVEILS PROGRAMMING LINE-UP

Transformational partnership combines beloved content from Viafree and NENT Group's Local Ad sales leadership with Pluto TV's global content and technology First instance of a combination of local AVOD ...

Other symbols:PARA
22 hours ago - PRNewsWire

Why Paramount Global Stock Surged Today

A legendary investor's holding company built a sizable stake in the entertainment leader.

Other symbols:PARA
1 day ago - The Motley Fool

Paramount Global CEO Bob Bakish to Participate in the JP Morgan Global Technology, Media and Communications Conference

NEW YORK , May 17, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Bob Bakish, President and Chief Executive Officer, will participate in a question and answer session d...

Other symbols:PARA
1 day ago - PRNewsWire

Three Stock Lunch: Citi, Paramount & Chevron

Jeff Mills, Bryn Mawr Trust, joins 'Power Lunch' to discuss three stocks and whether he thinks they're worth investing in right now. Today's stocks are Citi, Paramount Global and Chevron.

Other symbols:CVXCPARA
1 day ago - CNBC Television

Why Is Warren Buffett Buying Paramount Global?

Paramount Global ( PARA , Financial) is a global media brand which owns CBS, Comedy Central, Channel 5, MTV, Showtime and more. It's not a stock I would ever have expected Warren Buffett (Trades, Portfo...

Other symbols:PARA
1 day ago - GuruFocus

Paramount soars 16% after Warren Buffett's Berkshire Hathaway reveals $2.6 billion stake in the media company

Paramount is a value stock based on its forward price-to-earnings ratio of 13x, which is right up Buffett's alley given his value investing strategy.

Other symbols:PARA
1 day ago - Business Insider

Investors Are Jumping on the Bandwagon With These 2 Nasdaq Stocks

The major indexes were rising on Tuesday, and these stocks got some key recommendations.

Other symbols:AMDPARA
1 day ago - The Motley Fool

5 Hot Stocks Up 10%: What Other Companies Joined Coinbase On The List?

Benzinga's “5 Stocks Up 10%” aims to deliver investors the news surrounding hot stocks with significant price action on May 17, 2022. The information provided for these hot stocks is compiled using the ...

Other symbols:COINAZPNPARASETTWO
1 day ago - Benzinga

Buffett's Berkshire Hathaway Reveals $2.6B stake in Paramount and $3B stake in Citi

The ‘Halftime Report' investment committee discusses Berkshire Hathaway's stake in Paramount and Citi. With CNBC's Scott Wapner and the traders, Jim Lebenthal, Josh Brown, Michael Farr and Stephanie Link

Other symbols:PARA
1 day ago - CNBC Television

Is Paramount Global A Value Stock? Inside Berkshire Hathaway's Purchase

Legendary value investor Warren Buffett took a stake in a leading media company in the first quarter. Could the purchase by Buffett signal placing multiple bets on the streaming wars or that the company...

Other symbols:PARA
1 day ago - Benzinga

Paramount Global Stock Jumps 10% After Warren Buffett's Berkshire Hathaway Buys In

Shares of Paramount popped higher in early trading after Berkshire Hathaway, the company of legendary investor Warren Buffett, disclosed late yesterday that it acquired a chunky stake in the company. Pa...

Other symbols:PARA
1 day ago - Deadline

Paramount Global and Citi surge after Berkshire Hathaway discloses new stakes

Three of the new positions revealed in Berkshire Hathaway's BRK.B, -0.34% 13-F filing jumped in premarket trade on Tuesday. Paramount Global's B shares PARAA, -0.82% bounced 10%, as Celanese CE, +1.52% ...

Other symbols:PARA
1 day ago - Market Watch

Warren Buffett Reveals $2.6B Investment In Paramount Global

Warren Buffett's Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares. The SEC Form 13F filing showed...

Other symbols:PARA
2 days ago - Deadline

Paramount Global CFO Naveen Chopra to Participate in the MoffettNathanson Media & Communications Summit

NEW YORK , May 12, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Naveen Chopra, Chief Financial Officer, will participate in a question and answer session during the M...

Other symbols:PARA
6 days ago - PRNewsWire

CBS CEO George Cheeks scrambles to boost morale after staffers rip harsh working conditions

CBS CEO George Cheeks is scrambling to shore up morale at CBS News, dialing back demands that staffers work nights and weekends as they lament conditions under the struggling network's hard-driving boss...

Other symbols:PARA
1 week ago - New York Post

People looking for entertainment options outside the home will continue to do so, says Paramount CEO

Bob Bakish, Paramount Global president and CEO, joins 'TechCheck' to discuss how consumers will treat the film business going forward, if he sees a consumer pullback coming and more.

Other symbols:PARA
1 week ago - CNBC Television

Will Paramount's Streaming Push Help Or Hurt Its Stock?

The year-over-year revenue decline was largely due to the impact of the company's TV Media division not airing the Super Bowl, which moved to Comcast this year, resulting in lower advertising sales.

Other symbols:PARA
1 week ago - Forbes

Gabelli Funds to Host 14th Annual Entertainment & Broadcasting Symposium Thursday, June 2, 2022

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds will host its 14th Annual Entertainment & Broadcasting Symposium at the Harvard Club in New York City on Thursday, June 2, 2022. The symposium will feature disc...

1 week ago - Business Wire

Paramount+ shows signs of momentum as Netflix stumbles, thanks to originals like '1883‘

Paramount+ added nearly 7 million subscribers in Q1, as data shows its originals have grown in popularity.

Other symbols:PARA
2 weeks ago - Business Insider

Paramount Shares Wobble On Q1 Results; Wall Street Hasn't Fully Embraced Its Streaming Story

Paramount Global shares were down about 1% midway through the trading day after the company reported a mixed bag of first-quarter results. The stock initially dropped as much as 7% to near a 52-week low...

Other symbols:PARA
2 weeks ago - Deadline

Paramount+ reaches nearly 40M subscribers, will expand to the U.K., South Korea, and India

Paramount Global, formerly ViacomCBS, reported an overall total of 62.4 million global subscribers across its suite of streaming services, with Paramount+ alone adding 6.8 million total subscribers in t...

Other symbols:PARA
2 weeks ago - TechCrunch

Why Paramount Global Shares Are Trading Lower Today

Paramount Global (NASDAQ: PARA) reported a first-quarter FY22 revenue decline of 1% year-on-year to $7.33 billion, missing the consensus of $7.38 billion. Global streaming subscribers rose to over 62 mi...

Other symbols:PARA
2 weeks ago - Benzinga

Paramount Global stock dips after revenue falls short

Shares of Paramount Global Inc. PARA, +3.95% were off 4% in premarket trading Tuesday after the company formerly known as ViacomCBS posted declining revenue and profits for its most recent quarter. The ...

Other symbols:PARA
2 weeks ago - Market Watch