Jack Black, Timothée Chalamet, Caitlin Clark, Travis Kelce, Ryan Gosling, Patrick Mahomes, Post Malone, Reneé Rapp, Sha'Carri Richardson, Margot Robbie, Olivia Rodrigo, Ryan Reynolds, Paul Rudd, Zoe Saldana, Taylor Swift, Justin Timberlake, Zendaya and More Nominated for a Coveted Orange Blimp! SpongeBob SquarePants and Patrick Star to Host Live from Bikini Bottom on Saturday, July 13, at 8 p.m. (ET/PT) Share it: @Nickelodeon @KidsChoiceAwards #KCA Click HERE to download assets. HOLLYWOOD, Calif., June 4, 2 ...

Core Viewpoint - Paramount Global reported strong Q1 2024 earnings, with adjusted earnings significantly exceeding estimates and revenues showing year-over-year growth, indicating positive momentum in its business segments [2][3]. Financial Performance - Adjusted earnings for Q1 2024 were 62 cents per share, surpassing the Zacks Consensus Estimate by 82.35% and up from 9 cents in the same quarter last year [2]. - Revenues reached $7.68 billion, beating estimates by 0.1% and reflecting a 5.8% increase year-over-year, driven by growth in Direct-to-Consumer (DTC), TV Media, and Filmed Entertainment [2]. Revenue Breakdown - Advertising revenues accounted for 40.3% of total revenues, amounting to $3.09 billion, a 16.8% increase year-over-year [4]. - Affiliate revenues, making up 43.7% of total revenues, rose 5.6% year-over-year to $3.35 billion [4]. - Theatrical revenues increased by 20% year-over-year to $153 million, while content-licensing revenues fell 17.5% year-over-year to $1.07 billion [4]. Segment Performance - DTC revenues surged 24% year-over-year to $1.87 billion, with subscription revenues climbing 22% to $1.35 billion, driven by subscriber growth and increased pricing for Paramount+ [5][6]. - Paramount+ subscribers reached approximately 71 million, with a 51% revenue increase attributed to subscriber growth and ARPU expansion [6]. - TV Media revenues rose 1% year-over-year to $5.23 billion, with advertising revenues increasing 14% to $2.58 billion, benefiting from CBS' broadcast of Super Bowl LVIII [8][9]. - Filmed Entertainment revenues grew 3% year-over-year to $605 million, with theatrical revenues up 20% to $153 million [11]. Cost Management - Selling, general and administrative expenses decreased by 5.2% year-over-year to $1.66 billion, contributing to improved profitability [3]. Balance Sheet - As of March 31, 2024, cash and cash equivalents stood at $2.38 billion, down from $2.46 billion at the end of 2023, while total debt remained unchanged at $14.6 billion [12]. Market Sentiment - Despite strong earnings, estimates have trended downward, with a consensus estimate shift of -17.78% noted [13]. - Paramount Global-B holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].

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NEW YORK and STAMFORD, Conn., May 23, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) and Charter Communications, Inc. (NASDAQ: CHTR) today announced they will extend their long- standing partnership with a multi-year distribution agreement for Paramount's full portfolio of linear cable networks, CBS-owned-and-operated broadcast stations and direct-to-consumer streaming services that generates greater value for consumers while creating new distribution opportunities and a glide path to a healthi ...

Boasting over 400 hotel rooms and condo units combined, Nickelodeon Hotels & Resorts Orlando will showcase uniquely themed accommodations, including suites inspired by iconic characters and ensuring epic experiences. The family-friendly resort mixes luxury amenities with F.U.N. for both the young and young at heart. Guests will have the opportunity to interact with Nickelodeon's globally beloved franchises, including SpongeBob SquarePants, PAW Patrol, Dora, and Teenage Mutant Ninja Turtles. "Nickelodeon Hot ...

Kids' Choice Awards 2024, Live from Bikini Bottom Bows Saturday, July 13, at 8 p.m. (ET/PT), Marking the First Time Animated Characters will Host a Full-Length Awards Show SpongeBob's Multiplatform Silver Anniversary Celebration Includes Universe of Original Content on Paramount+ and Nickelodeon, Exclusive On-the-Ground Activations and Partnerships, Limited Edition Consumer Products and More Share it: @Nickelodeon @SpongeBob #SpongeBob25 @KidsChoiceAwards #KCA Click HERE to download logos and HERE to embed ...

Key Takeaways Paramount Global (PARA) shares suffered the S&P 500's steepest decline, plunging 5.2% amid reports that Sony Pictures could be having second thoughts about its offer to acquire the media giant. Sony and private equity firm Apollo Global Management expressed interest earlier this month in purchasing Paramount for $26 billion in cash. Major U.S. equities indexes hovered close to their flatlines for most of the session before rallying in the afternoon to end Tuesday higher. A report released in t ...

Shares of Paramount Global dipped suddenly in afternoon trading on a CNBC report that Sony and Apollo may be "rethinking" their joint bid for the company. The studio and private equity fund made a formal, but preliminary, $26 billion offer for the company controlled by Shari Redstone just as Par's monthlong exclusive negotiating window with Skydance expired early this month. It wasn't extended, but the David Ellison-led studio backed by Larry Ellison and RedBird Capital still has an offer on the table. A sp ...

Paramount Global-B (PARA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +19.1%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Media Conglomerates industry, which Paramount Global-B falls in, has lost 6%. The key question now is: What could be the stock's future direction?Although media r ...

Bite-sized Baskin-Robbins™ candy and mystery-flavored Krabby Patties debut at this year's showPHILADELPHIA, May 13, 2024 /PRNewswire/ -- Frankford Candy, the leader in manufacturing and marketing licensed confections and gifts, is previewing some sweet collaborations at the 2024 Sweet & Snacks Expo, including popular ice cream brand, Baskin-Robbins and Nickelodeon's Krabby Patties from the iconic show, SpongeBob SquarePants. After debuting at booth 10714 on the show floor, the new candy varieties will be av ...