Paramount Global (PARAA)

NASDAQ: PARAA · IEX Real-Time Price · USD
22.01
-0.19 (-0.86%)
Mar 28, 2024, 1:45 PM EDT - Market open
-0.86%
Market Cap 8.06B
Revenue (ttm) 29.65B
Net Income (ttm) -608.00M
Shares Out 364.53M
EPS (ttm) -1.02
PE Ratio n/a
Forward PE 20.42
Dividend $0.20 (0.91%)
Ex-Dividend Date Mar 14, 2024
Volume 15,784
Open 22.35
Previous Close 22.20
Day's Range 21.96 - 22.42
52-Week Range 13.40 - 27.23
Beta 1.78
Analysts Hold
Price Target 15.45 (-29.8%)
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]

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 $15.45, which is a decrease of -29.80% from the latest price.

Price Target
$15.45
(-29.80% downside)
Analyst Consensus: Hold
Stock Forecasts

News

S&P cuts Paramount Global's credit rating to 'BB+' on streaming challenges

Ratings agency S&P lowered Paramount Global's credit rating to 'BB+' from 'BBB-' on Wednesday as stiff competition in the streaming landscape pressures the media giant's free operating cash flow (FOCF...

21 hours ago - Reuters

S&P Global Cuts Paramount Credit Rating Into Junk Territory

The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.

21 hours ago - WSJ

Paramount Global Credit Rating Cut To Junk Status By S&P Due To “Downside Ratings Pressure” In Its TV Business

Paramount Global's credit rating has been lowered to junk status by S&P Global, which cited the toll of ongoing pay-TV declines as a key factor in its downgrade. The credit ratings agency lowered Para...

22 hours ago - Deadline

PAW Patrol® Spin-off Rubble & Crew™ Drafts MLB Superstar Aaron Judge for Upcoming Episode

New York Yankees Captain and Dog Dad Will Guest Star as Himself in Spin Master's Hit Animated Series – Episode Premiering on Nickelodeon this Summer TORONTO, March 26, 2024 /PRNewswire/ - Baseball ent...

2 days ago - PRNewsWire

NICKELODEON SERVES UP BRAND-NEW EPISODES OF THE TINY CHEF SHOW BEGINNING MONDAY, APRIL 8

Additional Season Two Guest Stars Revealed, Including Lance Bass, Jordan Chiles, Auliʻi Cravalho, Rob Gronkowski, Tony Hawk, The Miz, Amy Sedaris, Danny Trejo and More Share it: @Nickelodeon @Nickelod...

3 days ago - PRNewsWire

With Its Studio Business Much Sought After, What's Next For Paramount?

Paramount Global stock (NASDAQ NDAQ : PARA) rallied by close to 12% in Wednesday's trading following a report that private equity firm Apollo Global Management APO extended a $11 billion offer to purc...

3 days ago - Forbes

Redstone Reportedly 'Unconvinced' by Apollo's $11 Billion Bid For Paramount's Studio

Paramount Global (PARA) shares lost ground Thursday as controlling shareholder Shari Redstone reportedly isn't interested in an $11 billion offer to buy the company's studio segment.

Other symbols: APO
6 days ago - Investopedia

Adobe Underweight, Paramount Global Upgraded, Revolve to Outperform | Top Calls

Top calls today are Adobe Underweight, Paramount Global Upgraded, Revolve to Outperform.

Other symbols: ADBE
6 days ago - Bloomberg Markets and Finance

Paramount Stock Tumbles As $11 Billion Studio Deal Falls Into Doubt, Report Says

After posting its best day on Wall Street in four months Wednesday, shares of Paramount Global fell Thursday after a report indicated the media conglomerate's controlling shareholder might not be inte...

6 days ago - Forbes

Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.

Other symbols: APO
7 days ago - Deadline

Paramount weighs buyout offers

Paramount Global shares have had a volatile week, as the stock surged on reports of a $11B offer from Apollo Global. #stocks #investing #paramount #cbs #streaming

7 days ago - Schwab Network

Paramount Stock Jumps After Apollo Reportedly Offers $11 Billion For Studio Segment

Paramount Global (PARA) stock jumped Thursday after it was reported that private equity giant Apollo Management had offered $11 billion for its Hollywood studio.

Other symbols: APO
7 days ago - Investopedia

Private equity giant Apollo offers $11B for Paramount Pictures studio: report

Apollo's reported $11 billion offer is more than the entire market capitalization of Paramount Global, which is currently around $7.7 billion.

Other symbols: APO
7 days ago - New York Post

Apollo Offers $11 Billion For Paramount Studios, Report Says

Apollo Global Management has made an $11 billion offer to purchase Paramount Global's studios, according to the Wall Street Journal, while the entertainment company reportedly weighs another offer fro...

Other symbols: APO
7 days ago - Forbes

Apollo Offers $11 Billion for Paramount's Studio

The bid comes as an independent committee of the company's directors is reviewing another offer from Skydance Media to merge with all of Paramount.

Other symbols: APO
7 days ago - WSJ

Paramount shares rise on report of Apollo's $11 billion bid for company's Hollywood studio

Shares of Paramount Global climbed nearly 8% Wednesday on reports that private-equity firm Apollo Global Management Inc. has offered $11 billion to buy the media conglomerate's film-and-television stu...

Other symbols: APO
7 days ago - Market Watch

Apollo offers $11 bln for Paramount's Hollywood studio, source says

Private equity firm Apollo Global Management has offered $11 billion for Paramount Global's Paramount Pictures film studio, a person with knowledge of the offer said on Wednesday, adding to takeover i...

Other symbols: APO
7 days ago - Reuters

Paramount to expand premium streaming services across Europe

Paramount Global said on Tuesday it would expand the premium tier of its streaming services across Europe, starting with France this month.

9 days ago - Reuters

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...

10 days ago - Forbes

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...

13 days ago - Business Wire

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.

14 days ago - Bloomberg Markets and Finance

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,...

14 days ago - Deadline

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...

14 days ago - Reuters

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...

14 days ago - TechCrunch

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...

Other symbols: APO
15 days ago - Invezz