The earnings call presented a generally positive outlook, highlighting strong growth in streaming and advertising, alongside effective cost reduction measures. Despite some challenges in licensing revenue and ongoing disputes, the company's overall trajectory appears favorable with a focus on profitability and strategic growth.

Company Guidance

During Paramount Global's Q3 2024 earnings call, the company highlighted several key performance metrics and strategic initiatives. Paramount+ added 3.5 million subscribers, reinforcing its position as the fourth-largest global streaming service, with a 25% year-over-year increase in revenue. The direct-to-consumer segment achieved profitability for the second consecutive quarter, with adjusted OIBDA improving by over $1 billion over the past four quarters. The company also made progress in its cost reduction initiative, targeting $500 million in annual run-rate savings, and executed 90% of workforce reductions, aiming to complete the rest by year-end. Additionally, Paramount's digital advertising showed strong growth, contributing to a 2% increase in total company advertising revenue. The Skydance transaction is on track to close in the first half of 2025, following regulatory approvals. Overall, the quarter demonstrated Paramount's strategic focus on streaming growth, cost efficiency, and content production, setting a solid foundation for future profitability and market positioning.

Record Engagement and Subscriber Growth

Pluto reached record engagement, and Paramount+ added 3.5 million subscribers, marking it as the #4 global streaming service. Paramount+ revenue grew 25% year-over-year.

DTC Profitability and Cost Reductions

D2C achieved profitability for the second consecutive quarter with adjusted OIBDA improving by more than $1 billion over the past four quarters. The company also executed 90% of a $500 million cost reduction plan.

Strong Advertising Growth

Total company advertising grew 2%, with D2C advertising increasing by 18% year-over-year. Digital ad growth remained strong, driven by demand and higher CPMs.

Successful Content Releases

Major releases like 'A Quiet Place: Day One' and 'Transformers One' performed well at the global box office. Paramount continued to release successful TV series and films, with strong viewership and engagement metrics.

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Paramount Global (PARAA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PARAA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 02, 2018	2018 (Q2)	- / 1.12	1.04	7.69% (+0.08)	―	―
Nov 01, 2018	2018 (Q3)	- / 1.24	1.11	11.71% (+0.13)	―	―
Feb 14, 2019	2018 (Q4)	- / 1.50	1.2	25.00% (+0.30)	―	―
May 02, 2019	2019 (Q1)	- / 1.37	1.34	2.24% (+0.03)	―	―
Aug 08, 2019	2019 (Q2)	- / 1.16	1.12	3.57% (+0.04)	―	―
Nov 12, 2019	2019 (Q3)	- / 0.95	1.24	-23.39% (-0.29)	―	―
Feb 20, 2020	2019 (Q4)	- / 0.97	1.5	-35.33% (-0.53)	―	―
May 07, 2020	2020 (Q1)	- / 1.13	1.37	-17.52% (-0.24)	―	―
Aug 06, 2020	2020 (Q2)	- / 1.25	1.16	7.76% (+0.09)	―	―
Nov 06, 2020	2020 (Q3)	- / 0.91	0.95	-4.21% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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PARAA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	$21.99	$22.00	+0.05%
Aug 08, 2024	$22.90	$23.04	+0.61%
Apr 29, 2024	$21.32	$20.54	-3.66%
Feb 28, 2024	$21.15	$20.88	-1.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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