Financial News: Paramount Global Earnings Overview for Q3 2024
Monday, 11 November 2024, 13:34
Paramount Global's Earnings Overview
Paramount Global (NASDAQ: PARA; PARAA) has announced its Q3 2024 earnings results, revealing a 6% decline in total revenues, which decreased to $6.73 billion. DTC revenue, although increasing by 10%, couldn't offset declines in other segments.
Key Financial Metrics
- Q3 revenue: $6.73 billion
- DTC revenue increase: 10%
- TV Media revenues decreased by 6%
- Filmed Entertainment revenue: down 34%, totaling $590 million
- Net income: $1 million vs. $295 million last year
- Operating income dropped from $621 million to $337 million
- Total costs: $6.39 billion vs. $6.51 billion a year earlier
The decline in Paramount Global's earnings underscores substantial challenges within the media and entertainment industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.