Paramount (PARAA)

Search documents
Paramount Global (PARA) RBC Capital Markets Technology, Internet, Media and Telecommunications Conference 2022 (Transcript)
2022-11-16 18:18
Paramount Global (NASDAQ:PARA) RBC Capital Markets Technology, Internet, Media and Telecommunications Conference 2022 November 16, 2022 9:25 AM ET Company Participants Naveen Chopra - EVP and CFO Conference Call Participants Kutgun Maral - RBC Capital Markets Kutgun Maral All right. Let's get started. Good morning, everyone. My name is Kutgun Maral, I'm the Media Analyst at RBC, and we're thrilled to have with us today, Naveen Chopra, the CFO of Paramount Global. So, Naveen, thanks so much for being here. N ...
Paramount (PARAA) - 2022 Q3 - Earnings Call Transcript
2022-11-02 13:56
Paramount Global (NASDAQ:PARA) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Anthony DiClemente - Executive Vice President, Investor Relations Bob Bakish - President & Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Partners Bryan Kraft - Deutsche Bank Rich Greenfield - LightShed Partners Brett Feldman - Goldman Sachs Douglas Mitchelson - Credit Suisse Ben Swinburne - Morgan Stanley John Hodulik - UB ...
Paramount (PARAA) - 2022 Q3 - Quarterly Report
2022-11-01 16:00
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, 2022 (212) 258-6000 (Registrant's telephone number, including area code) 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 reg ...
Paramount Global (PARA) 2022 Goldman Sachs Communacopia + Technology Conference 2022 (Transcript)
2022-09-14 21:09
Paramount Global (NASDAQ:PARA) Goldman Sachs Communacopia + Technology Conference 2022 September 14, 2022 1:45 PM ET Company Participants Bob Bakish - President and CEO Conference Call Participants Unidentified Analyst All right, if everybody would please take their seat. Very excited to welcome to the Communacopia + Technology Conference, our San Francisco version. Bob Bakish, the CEO of Paramount Global. Bob, thanks so much for being here with us. Bob Bakish Great to be here. Great to see you, as we sit i ...
Paramount Global's (PARA) CEO Brian Robbins Presents at Bank of America Media, Communications & Entertainment Conference 2022 (Transcript)
2022-09-07 21:05
Call Start: 11:50 January 1, 0000 12:30 PM ET Paramount Global (NASDAQ:PARA) Bank of America Media, Communications & Entertainment Conference 2022 September 7, 2022 11:50 AM ET Company Participants Brian Robbins - President and Chief Executive Officer of Paramount Pictures and Nickelodeon, and Chief Content Officer, Movies and Kids & Family Conference Call Participants Jessica Reif Ehrlich - BofA Securities Jessica Reif Ehrlich Hi. Well, this maybe the first time I’m actually on time. So thank you so much f ...
Paramount (PARAA) - 2022 Q2 - Earnings Call Transcript
2022-08-04 15:19
Paramount Global (NASDAQ:PARA) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Anthony DiClemente - EVP, IR Robert Bakish - President, CEO & Directorr Naveen Chopra - EVP & CFO Conference Call Participants Michael Morris - Guggenheim Securities Bryan Kraft - Deutsche Bank Steven Cahall - Wells Fargo Securities Benjamin Swinburne - Morgan Stanley Philip Cusick - JPMorgan Chase & Co. Richard Greenfield - LightShed Partners Jessica Reif Ehrlich - Bank of America Merrill Lynch Ku ...
Paramount (PARAA) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
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, 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) Delaware 04-2949533 (State or other ...
Paramount Global (PARA) CEO Robert Bakish Presents at Credit Suisse Communications Conference (Transcript)
2022-06-14 19:20
Summary of Paramount Global Conference Call Company Overview - **Company**: Paramount Global (NASDAQ: PARA) - **Date**: June 14, 2022 - **Participants**: Robert Bakish (CEO), Douglas Mitchelson (Credit Suisse Analyst) Key Points Industry Positioning - Paramount Global is uniquely positioned as a major media company with a diverse portfolio that includes broadcast, cable, paid streaming, free streaming, and theatrical offerings [3][5] - The company has momentum across all segments, with a strong TV Media segment that includes the number one broadcast network and a leading cable network portfolio [3][4] Streaming Strategy - Paramount is guiding to over $6 billion in content spending for streaming in 2024, reflecting a more aggressive investment posture [6][9] - The streaming strategy focuses on content that works across multiple platforms, enhancing ROI and driving subscriber growth [7][8] - Revenue from direct-to-consumer (D2C) is projected to grow from slightly over $3 billion in 2021 to over $9 billion in 2024 [9] Content Development - Paramount has shifted towards in-house content production, focusing on quality and diversity to differentiate from competitors [10][11] - The company has had significant success in theatrical releases, with five films opening at number one in the box office in 2022, including "Top Gun: Maverick" [11][17] - Paramount is leveraging franchises like "Sonic," "Star Trek," and "South Park" to drive content engagement and subscriber growth [14][19] Financial Performance - Total content investment was approximately $15 billion in 2021, with expectations for continued growth, albeit at a moderated rate due to strategic remixing of expenses [22][23] - The linear network business remains a powerful financial engine, generating about $6 billion of OIBDA in TV Media [59] Market Challenges and Opportunities - Inflation and economic headwinds are acknowledged, but the diversified business model is seen as a relative advantage during such periods [26][27] - Advertising revenue is experiencing mixed visibility, with some categories performing well, particularly in travel and political advertising [29][30] Subscriber Growth and Engagement - Paramount+ added 21 million subscribers in 2021 and continued to see growth in 2022, with expectations to exceed 75 million total global D2C subscribers by year-end [36][41] - The platform ranked second in customer satisfaction among streamers, driven by a broad content offering and multi-platform programming expertise [38] Global Expansion - Paramount is expanding its international footprint with launches in key markets like South Korea, the UK, and India, leveraging local partnerships to enhance content offerings without significant investment [50][51] Future Outlook - The company expects to reach peak losses in its D2C business by 2023, with a focus on building a sustainable and profitable streaming model [44][46] - Paramount's diversified media business is projected to create significant value over time, with strong momentum across all segments [63] Additional Insights - The company is increasingly leaning into global production capabilities to enhance content diversity and manage costs effectively [24] - Paramount is actively converting third-party content deals from variable to fixed fee arrangements to improve margins [55][56] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Paramount Global's robust positioning in the media landscape and its proactive approach to navigating market challenges.
Paramount Global's (PARA) Management Presents at MoffettNathanson Annual Media & Communications Summit (Transcript)
2022-05-19 19:55
Paramount Global (NASDAQ:PARA) MoffettNathanson Annual Media & Communications Summit May 19, 2022 10:00 AM ET Company Participants Naveen Chopra - CFO Conference Call Participants Unidentified Analyst Naveen, first time, we really appreciate your appearance today. So thank you. Naveen Chopra Thanks for having us. Question-and-Answer Session Q - Unidentified Analyst So it will be Robert and I tag teaming you. I thought, because it's your first time and we've never met face-to-face, we want to hear more about ...
Paramount (PARAA) - 2022 Q1 - Earnings Call Transcript
2022-05-03 18:17
Paramount Global (NASDAQ:PARA) Q1 2022 Results Conference Call May 3, 2022 8:30 AM ET Company Participants Anthony DiClemente - EVP, IR Bob Bakish - President and CEO Naveen Chopra - CFO Conference Call Participants Brett Feldman - Goldman Sachs Michael Morris - Guggenheim Bryan Kraft - Deutsche Bank Rich Greenfield - LightShed Partners Benjamin Swinburne - Morgan Stanley Phil Cusick - JP Morgan Jessica Reif Ehrlich - BoA Securities Robert Fishman - MoffettNathanson Operator Good morning. My name is Charlie ...