Paramount (PARAA)
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Paramount (PARAA) - 2023 Q3 - Quarterly Report
2023-11-02 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, 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 ...
Paramount (PARAA) - 2023 Q2 - Quarterly Report
2023-08-07 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, 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 (PARAA) - 2023 Q1 - Quarterly Report
2023-05-03 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 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 (PARAA) - 2022 Q4 - Earnings Call Transcript
2023-02-16 17:08
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 ...
Paramount (PARAA) - 2022 Q4 - Annual Report
2023-02-15 16:00
Streaming Growth - In 2022, global streaming subscribers grew 38% year-over-year to 77.3 million, with Paramount+ subscribers increasing 70% year-over-year to 55.9 million[14] - Paramount+ became the number one premium streaming service in domestic sign-ups and gross subscriber additions since its launch in March 2021[14] - Pluto TV's global monthly active users increased 22% year-over-year to 78.5 million[15] - In 2022, the company launched Paramount+ in multiple international markets, including South Korea, the U.K., and Germany, and partnered with Walmart to offer Paramount+ Essential to Walmart+ members[19] Revenue Breakdown - TV Media generated approximately 72% of consolidated revenues in 2022, with advertising, affiliate and subscription, and licensing accounting for approximately 43%, 38%, and 19% of the segment's total revenues, respectively[28] - The Direct-to-Consumer segment generated approximately 16% of consolidated revenues in 2022[21] - In 2022, advertising and subscription revenues comprised approximately 31% and 69% of the Direct-to-Consumer segment's total revenues[38] - Filmed Entertainment generated approximately 13%, 9%, and 10% of consolidated revenues in 2022, 2021, and 2020, respectively[45] - In 2022, theatrical, licensing, and other revenues generated approximately 33%, 66%, and 1% of Filmed Entertainment's total revenues[45] Content and Programming - Paramount Pictures released six films in 2022 that debuted at number one at the domestic box office, with "Top Gun: Maverick" being the fifth highest-grossing domestic movie of all time[16] - CBS finished the 2021-2022 season as America's number one broadcast network in primetime for the 14th consecutive season[17] - Paramount+ features livestreamed CBS Sports programming, including the NFL and NCAA Division I Men's Basketball[39] - Pluto TV offers a broad range of curated live linear channels and on-demand content, accessible across connected television devices, mobile, and the internet[41] - BET+ focuses on Black audiences, featuring exclusive original content from leading Black creators[42] Diversity and Inclusion - The company continued its commitment to diversity, equity, and inclusion initiatives, hosting its fourth annual Global Inclusion Week[20] - Content for Change initiative aims to counteract bias and stereotypes, grounded in data-driven research in partnership with the University of Southern California's Annenberg Inclusion Initiative[68] - SpongeBob SquarePants: Operation Sea Change launched in 2022, focusing on ocean conservation and sustainability through global clean-up efforts and education[69] Corporate Structure and Compliance - As of December 31, 2022, the company employed approximately 24,500 full- and part-time employees in 37 countries worldwide[60] - The company plans to fully integrate SHOWTIME into Paramount+ across both streaming and linear platforms later in 2023[43] - The company operates television stations reaching approximately 38% of all U.S. television households, attributed with reaching about 24% for national ownership rule purposes[76] - The FCC imposes a maximum forfeiture penalty of $479,945 per indecent or profane utterance, with a total exposure of approximately $4.3 million for continuing violations[79] - Company must obtain renewals for its television broadcast licenses every eight years, with the FCC required to renew if public interest is served[72] - The Communications Act restricts foreign ownership to a maximum of 25% voting power or equity without FCC approval[77] - Company is subject to various global data protection and children's privacy laws, impacting data collection and processing practices[83] Management and Communication - Executive team includes Robert M. Bakish as President and CEO, Naveen Chopra as CFO, and Christa A. D'Alimonte as General Counsel[85][86][87] - The company has established a hybrid work plan and new health offerings to facilitate employee transition back to the office[70] - The ATSC 3.0 broadcast standard offers improved picture quality but requires significant equipment upgrades for full-service television stations[81] - The company announces material financial information through SEC filings, press releases, public conference calls, and webcasts on its website[92] - The company encourages investors to review information posted on social media and blogs related to its financial performance[92] - Market risk disclosures are included in the Management's Discussion and Analysis of Results of Operations and Financial Condition[426]
Paramount Global (PARA) Presents at UBS 50th Annual Global TMT Conference (Transcript)
2022-12-06 19:24
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 ...
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 ...