Direct-to-Consumer PerformanceDTC reported 15% year-over-year revenue growth to $2.2B, which was 6% above the estimate.
Merger And AcquisitionThe merger with Skydance will allow shareholders an opportunity to realize some immediate value for a portion of their holdings, with Skydance identifying about $2 billion of cost synergies to improve profitability.
Stock EvaluationParamount Global has been given a 'Buy' rating by the analyst, and the price target is set at a higher value than its current market price.