Paramount Global said its direct-to-consumer streaming business was "on track" to reach domestic profitability in 2025.

yet layoffs are looming amid billions in losses for the media giant. Paramount's Q2 2024 financial report revealed that Paramount+'s revenue grew by 46% year over year. A specific breakdown of the ...

The company also reported a 19% decline in total advertising revenue to $2.5 billion due to the Super Bowl. Excluding the impact of the Super Bowl, total revenue grew 2% year over year and advertising ...

Additionally, the definition of Consolidated EBITDA has been revised to incorporate an add-back for cash items related to restructuring, litigation reserves, and losses on business disposals.

and losses on business disposals. This add-back is capped at 15% of Consolidated EBITDA after the adjustment. For context, Paramount’s EBITDA stands at $2.62 billion for the last twelve months, while ...

Shares of Paramount Global Cl B PARA shed 1.65% to $10.76 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 2.36% to 5,158.20 ...