Exhibit 99 EARNINGS PRESS RELEASE | April 29, 2024 1 2024 STATEMENT FROM NAVEEN CHOPRA, EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER The team delivered another quarter of strong operational and financial performance - including significant growth in total company earnings and free cash flow - despite the dynamic environment we continue to operate in. It was a record-setting quarter for Paramount+ in engagement and revenue, and in the DTC segment as we continued to substantially narrow streaming losses ...

Revenue and Subscriber Growth - Paramount+ revenue increased 69% year-over-year in Q4, reaching 67.5 million subscribers with 4.1 million net additions in the quarter[3] - Direct-to-Consumer (DTC) revenue grew 34% year-over-year, with subscription revenue rising 43% driven by subscriber growth and pricing increases[7] - TV Media revenue declined 12% year-over-year to $5,168 million, impacted by a decrease in advertising revenue[11] - Filmed Entertainment revenue decreased 31% year-over-year to $647 million, primarily due to lower licensing revenue[17] - Global ARPU for Paramount+ expanded 31% year-over-year, indicating improved monetization strategies[3] Financial Performance - Total company revenue for Q4 was $7,638 million, a 6% decrease from $8,131 million in Q4 2022[2] - The company reported a diluted EPS from continuing operations of $0.05 in Q4 2023, a 93% improvement from a loss of $0.29 in Q4 2022[2] - Q4 2023 revenues decreased to $7,638 million from $8,131 million in Q4 2022, representing a decline of 6.1%[21] - Net earnings attributable to Paramount for Q4 2023 were $514 million, compared to $21 million in Q4 2022, showing a significant increase[21] - The basic net earnings per share attributable to Paramount for Q4 2023 was $0.77, up from $0.01 in Q4 2022[21] Costs and Expenses - Total costs and expenses for Q4 2023 were $7,234 million, down from $7,949 million in Q4 2022, a reduction of 9.0%[21] - Adjusted OIBDA for DTC improved by $85 million year-over-year, reflecting higher revenue offsetting increased costs[7] Cash Flow and Liquidity - The company generated $558 million of net operating cash flow and $443 million of free cash flow in Q4[3] - Cash and cash equivalents at the end of Q4 2023 were $2,460 million, down from $2,885 million in Q4 2022[24] - Net cash flow provided by operating activities from continuing operations was $384 million for the twelve months ended December 31, 2023, compared to a cash outflow of $142 million in 2022[26] - Free cash flow for the twelve months ended December 31, 2023, was $56 million, compared to a negative $500 million for the same period in 2022[51] Debt and Equity - Long-term debt decreased to $14,601 million in 2023 from $15,607 million in 2022, a reduction of 6.4%[24] - The total equity attributable to Paramount stockholders decreased to $22,526 million in 2023 from $23,036 million in 2022, a decline of 2.2%[24] Impairment and Restructuring Charges - The company incurred impairment charges of $83 million for the twelve months ended December 31, 2023, compared to $27 million in 2022[30] - Restructuring charges for the twelve months ended December 31, 2023, were $102 million, down from $328 million in 2022[30] Future Outlook - Paramount expects to reach domestic profitability for Paramount+ by 2025, with significant earnings growth anticipated in 2024[3] Taxation - The effective income tax rate for the quarter ended December 31, 2023, was 41.0%, while the adjusted effective income tax rate was 20.4%[33] - The reported effective income tax rate for the year ended December 31, 2023, was 28.8%, while the adjusted effective income tax rate was 20.2%[41] Other Notable Items - The company recognized a gain of $120 million from a settlement related to litigation in the fourth quarter of 2023[39] - The company recognized a $41 million gain from the contribution of certain assets of Paramount+ in the Nordics to SkyShowtime[44] - The company reported an impairment charge of $100 million related to the carrying values of FCC licenses in two markets[42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or other jurisdiction of incorporation or org ...

Paramount Global (NASDAQ:PARA) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Jaime Morris - EVP, IR Bob Bakish - President and CEO Naveen Chopra - CFO Conference Call Participants Michael Morris - Guggenheim Ben Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Rich Greenfield - LightShed Partners Brett Feldman - Goldman Sachs Phil Cusick - JPMorgan John Hodulik - UBS Bryan Kraft - Deutsche Bank Operator Good afternoon. My name is Nadia, and I'll be the co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or other ...

Paramount Global (NASDAQ:PARA) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Anthony DiClemente – Executive Vice President, Investor Relations Bob Bakish – President and Chief Executive Officer Naveen Chopra – Chief Financial Officer Conference Call Participants Bryan Kraft – Deutsche Bank Michael Morris – Guggenheim Ben Swinburne – Morgan Stanley Rich Greenfield – LightShed Partners Jessica Reif Ehrlich – Bank of America Doug Mitchelson – Credit Suisse Phil Cusick – JPM ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...

Paramount Global (NASDAQ:PARA) UBS 50th Annual Global TMT Conference December 6, 2022 10:50 AM ET Company Participants Bob Bakish - Chief Executive Officer Conference Call Participants John Hodulik - UBS John Hodulik Take your seats. We'll get started. So, I'm John Hodulik, I'm the Media and Telecom analyst here at UBS, and very pleased to have with me today Bob Bakish, the CEO of Paramount. Bob, thanks for being here. Bob Bakish Great to be here, John. Question-and-Answer Session Q - John Hodulik So, we've ...