JPMorgan analyst David Karnovsky cut Paramount Global’s (NASDAQ:PARA) price target from $11 to $10 on May 21 and maintained ...

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

The media giant's total revenue fell 6% to $7.2 billion, weighed down by a 13% decline in its TV/media business ...

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 ...

Earnings from continuing operations swung from $3.05 per share to a loss of 29 cents per share. Shortly after 7:40 a.m. ET, Paramount shares were down 7.5 percent in pre-market trading to $22.70.

Paramount Global’s net loss widened to $5.4 billion during its second quarter of 2024 as the media giant recorded a goodwill impairment charge of $5.98 billion for its cable networks and ...

But its financial picture has become more ... But a timeline for breakeven currently remains unclear. “Paramount’s lower streaming losses are a testament to its strong execution, lending ...

scale back production and slash costs following billions in losses from their digital platforms. Shari Redstone, Paramount’s billionaire controlling shareholder, has effectively put the company ...

Paramount has been bleeding money in its streaming business. Although losses have narrowed, the company still reported a direct-to-consumer (DTC) loss of $490 million in the fourth quarter.

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 ...