Paramount misses revenues, but sees strong streaming growth (NASDAQ:PARA) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Paramount Global's earnings in the fourth quarter edged Wall Street forecasts, but a double-digit slide in advertising dragged down total revenue by 6%.
Multinational media and entertainment corporation Paramount (NASDAQ:PARA) fell short of analysts' expectations in Q4 FY2023, with revenue down 6.1% year on year to $7.64 billion. It made a non-GAAP profit of $0.04 per share, down from its profit of $0.08 per share in the same quarter last year.
Deadline deadline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deadline.com Daily Mail and Mail on Sunday newspapers.
Paramount Global (PARA) Scheduled to Post Earnings on Wednesday themarketsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketsdaily.com Daily Mail and Mail on Sunday newspapers.