Paramount Global posted mixed third quarter financial numbers as its TV and film divisions dipped, but bosses are pointing to solid subscription growth and profits at Paramount+ and cost reductions as signs their plan is "working." Revenues for Q3 were $6.73 billion, down 6% year-on-year, but adjusted earnings per share were up 63% at 49 cents, outperforming expectations. Wall Street analysts' consensus forecast had called for earnings of 24 cents a share, down from 30 cents in the year-ago period, with rev ...

NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2024. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 8:30 a.m. (ET) today, and a live audio webcast will be available on Paramount's Investors homepage. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 298878. ...

I analyze oil and gas companies like Paramount Resources and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign ...

Paramount Global (PARA) is set to report third-quarter 2024 earnings on Nov. 8.The Zacks Consensus Estimate for third-quarter earnings is pegged at 24 cents per share, indicating a 33.34% increase in the past 30 days. The figure indicates a decline of 20% from the year-ago quarter’s reported figure.The consensus mark for revenues is pegged at $6.92 billion, indicating a 3% decline from the year-ago quarter’s reported figure.The company’s earnings beat the Zacks Consensus Estimate in each of the trailing fou ...

David Ellison, Larry Ellison's son, is set to take over Paramount. Not David Zaslav, the CEO of Warner Bros. Discovery.Zaslav wanted a deal to happen. He spent months talking to Paramount about it, according to a new SEC filing.The problem, per Paramount: Zaslav didn't want to write a big check to Paramount owner Shari Redstone. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Paramount Global (PARAA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 8, 2024, might help the stock move higher if these key numbers are better ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Paramount Global-B (PARA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 8, 2024, might help the stock move higher if these key numbers are bette ...

SAN LEANDRO, Calif. , Nov. 01, 2024 (GLOBE NEWSWIRE) -- Ariat, the heritage western footwear and apparel brand, today announces a new collaboration with Paramount Consumer Products and Yellowstone, Paramount Network’s hit series. Designed by Ariat and Yellowstone Costume Designer Johnetta Boone, the collection weaves Ariat’s cowboy heritage and Boone’s bold vision and authentic knowledge of the Yellowstone look, to tell a modern story of the authentic West. Pieces of the collection will appear in the contin ...

Financial Data and Key Metrics - Core FFO for Q3 2024 was $0.19 per share, $0.01 above consensus [7] - Leased 179,000 square feet in Q3, bringing year-to-date total to 655,000 square feet [7] - Same-store portfolio-wide leased occupancy rate at share was 84.7%, down 160 basis points quarter-over-quarter [17] - Cash and restricted cash stood at approximately $412 million [12] - Outstanding debt at quarter end was $3.61 billion with a weighted average interest rate of 4.53% [26] Business Line Data and Key Metrics - New York leasing: 72,000 square feet in Q3, with a strong pipeline expected to drive Q4 leasing [7][8] - San Francisco leasing: 107,000 square feet in Q3, with year-to-date total of 287,000 square feet [11] - Weighted average lease term for Q3 leases was 8.1 years [15] - New York portfolio was 85% leased on a same-store basis at share, down 190 basis points quarter-over-quarter [19] - San Francisco portfolio was 83.6% leased on a same-store basis at share, down 60 basis points quarter-over-quarter [21] Market Data and Key Metrics - Midtown leasing activity outpaced the 5-year quarterly average for the fourth consecutive quarter [18] - San Francisco leasing activity improved by approximately 45% compared to the first 9 months of 2023 [20] - AI-focused companies in San Francisco raised approximately 20% of global AI venture capital funding year-to-date [20] - Tenant space demand in Manhattan has grown to more than 2018-2019 levels [19] Company Strategy and Industry Competition - The company is repositioning One Front Street in San Francisco with reimagined amenities to enhance its market position [11] - The Paramount Club at 1301 Sixth Avenue has become a key differentiator in attracting and retaining tenants [8] - The company is focused on maintaining strong tenant relationships and securing renewals for upcoming expirations [16] - The company is leveraging its market expertise to capitalize on strategic partnerships and attractive opportunities [13] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the long-term appeal of high-quality office spaces in New York and San Francisco [8][11] - The company is optimistic about the recovery of the San Francisco market, driven by AI-focused venture capital funding [20] - Management highlighted the importance of maintaining financial flexibility, including suspending the regular quarterly dividend [12] - The company expects to see a more active real estate transaction market in the coming year [13] Other Important Information - The company updated its guidance, raising core FFO guidance by $0.01 at the midpoint to a range of $0.78 to $0.80 per share [24] - Leasing guidance was increased to a range of 825,000 to 925,000 square feet [24] - The company entered into a new interest rate cap agreement for $860 million, capping SOFR at 3.5% through August 2025 [25] Q&A Session Summary Question: Market Center Debt Sale - The debt for Market Center is being marketed for sale, with expectations of a resolution in the near future [28] Question: Lease Rate Guidance Reduction - The reduction in lease rate guidance was due to a reassessment of the probability of deals being executed within the year [29][30] Question: Occupancy Trough - New York is expected to see increased occupancy soon, while San Francisco may experience further declines before recovery [33] Question: Capital Deployment Strategy - The company remains committed to leverage-neutral share buybacks and cautious equity investment in new acquisitions [36] Question: AI Demand in San Francisco - AI demand is expected to contribute over 1 million square feet to leasing velocity in 2024, with 70% of AI leases being new to market [38][39] Question: Credit Assessment of AI Tenants - The company evaluates AI tenants with a rigorous credit review process, often requiring letters of credit to mitigate risk [42] Question: IRR Expectations for JV Partners - Return requirements for San Francisco investments are in the double digits, while New York expectations have also increased slightly [44]

Exhibit 99.2 SUPPLEMENTAL OPERATING AND FINANCIAL DATA For the quarter ended September 30, 2024 www r free 0 PARAMOUNT GROUP FORWARD-LOOKING STATEMENTS This supplemental information contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution i ...