A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today; the "go-shop" period in the $8B Skydance deal closes August 21; and a new round of layoffs is expected next week. Paramount will release its earnings after the market closes, with Wall Street analysts forecasting a 5% year-toyear revenue dip due to challenges in linear TV and at the film studio. In addition to the Skydance deal, the eyes of the financial community will be focused on Paramount's cost ...

Jeremy Poland When it comes time for Paramount Resources (OTCPK:PRMRF) (TSX:POU:CA) to rake in the money, this company needs a very big rake. If things keep going the way they are now, the company may need two in the future. This is a company that acquired Apache Canada and has turned those leases into a moneymaker at a level that few companies can compare to. The reason is that this formerly dry gas producer has now focused on rich gas, where the "rich" part is very high-value condensate. The dividend was ...

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024. PARA-IR About Paramount Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and expe ...

Financial Performance - For the full year 2024, the estimated net loss attributable to common stockholders per diluted share is projected to be between $(0.11) and $(0.07) [10] - Estimated Core Funds From Operations (FFO) for 2024 is expected to range from $0.76 to $0.80 per diluted share [10] - The company reported a net loss attributable to common stockholders for the three months ended June 30, 2024, was $(7,819,000), compared to a net loss of $(47,538,000) for the same period in 2023, showing a significant improvement [14] - The company reported a net loss of $2,860,000 for the quarter, a significant improvement from a loss of $82,829,000 in the same quarter last year [22] - The company reported a net income of $13,871 for the six months ended June 30, 2024, compared to a net loss of $6,219 in the same period last year [27] - The company reported a net loss income for the period was $(486,737,000), with a significant real estate impairment loss of $(455,893,000) [65] Revenue and Income - For the three months ended June 30, 2024, total revenues increased to $187,408,000, up from $172,662,000 for the same period in 2023, representing an increase of 8.9% [14] - Total revenues for the consolidated ventures reached $105,619,000 for the three months ended June 30, 2024, compared to $104,119,000 for the same period in 2023, reflecting a slight increase [43][45] - Total revenues for the company reached $206,068,000, with a net operating income of $137,041,000 for the six months ended June 30, 2023 [53] - Total revenues for the six months ended June 30, 2024, were $38,493,000, with significant contributions from 712 Fifth Avenue ($12,461,000) and 55 Second Street ($8,174,000) [61] Operating Metrics - The company anticipates leasing activity of approximately 725,000 to 900,000 square feet for the year [10] - The share of Same Store Leased percentage at year-end is projected to be between 86.1% and 88.1% [10] - A decrease in the company's share of Same Store Cash Net Operating Income (NOI) is expected, ranging from (4.5%) to (2.5%) [10] - The estimated NOI for 2024 is projected to be between $354 million and $359 million [10] - Cash NOI is expected to be in the range of $334 million to $338 million for the year [10] - The company reported a same store NOI decrease of 1.3% for the three months ended June 30, 2024, compared to the same period in 2023 [14] - PGRE's share of NOI for the three months ended June 30, 2024, was $90,636,000, compared to $79,547,000 in the same quarter last year, reflecting a growth of 13.1% [23] Expenses and Liabilities - Total operating expenses amounted to $23,921,000, leading to a net operating income of $14,572,000 [61] - Interest and debt expense for the quarter was $42,258,000, slightly down from $42,746,000 in the previous quarter [22] - Total liabilities as of June 30, 2024, were $3,846,201,000, a slight decrease from $3,991,327,000 as of December 31, 2023 [13] - Interest and debt expense for the six months ended June 30, 2024, totaled $80,273, up from $53,099 in 2023, marking an increase of 50.9% [27] Dividends and Shareholder Returns - The company reported a dividend yield of 3.0% based on the closing share price [9] - The annualized dividend per common share is maintained at $0.14 [9] - Dividends declared on common stock amounted to $7,611,000 for the quarter, consistent with previous quarters [21] Capital Expenditures and Investments - Total capital expenditures for the three months ended June 30, 2024, were $20,996, with PGRE's share being $19,945 [102] - Total Capital Expenditures for the six months ended June 30, 2024, amounted to $57,310,000, an increase of 23% from $44,865,000 for the same period in 2023 [105] - Second generation tenant improvements for the six months ended June 30, 2024, totaled $35,442,000, up 18% from $15,147,000 in the same period of 2023 [106] Market Position and Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth [52] - The company is actively pursuing strategic acquisitions to enhance its portfolio and market position [52] - The company plans to continue focusing on market expansion and new product development strategies moving forward [64] Debt and Financial Ratios - Total debt as of June 30, 2024, was $5,457,121,000, with consolidated debt at $3,692,050,000 and unconsolidated joint ventures debt at $1,183,160,000 [79] - PGRE's share of net debt to annualized adjusted EBITDAre was 9.7x, compared to 8.6x in the previous period, indicating a deterioration in leverage [80] - The company maintained a fixed charge coverage ratio of 2.79x, exceeding the required minimum of 1.5x [82] Tenant and Lease Information - Total square feet leased for the three months ended June 30, 2024, was 198,505, with PGRE's share being 158,592 [91] - The average rent per square foot for office space is $100.42, while retail space averages $78.60 per square foot [89] - The company has a diversified tenant base, with no single tenant exceeding 5.1% of total annualized rent [90]

Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said Wednesday. Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media, during which it can receive another deal. Paramount and National Amusements did not immediately respond to Reuters requests for comment. Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media, d ...

A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery Court on Wednesday. The lawsuit, filed by Scott Baker, claims the merger's primary purpose is to cash out media mogul Shari Redstone's investment in Paramount at a substantial premium, while other stockholders will receive a significantly lower payout. Ellison's Skydance Media bagged a deal to acquire Paramount early in J ...

Then, Motley Fool host Alison Southwick and contributor Brian Feroldi kick off their summer school series with a history class on markets. Jason Moser: Hey, Ricky. Thanks for having me. Jason Moser: It is a complicated one, as you mentioned. There are a lot of moving parts. It feels like this is an unavoidable deal and I just mean that from the sense of consolidation in the media space, we're just seeing that play out here over the last several years. To see some additional consolidation, not terribly surpr ...

NEW YORK, July 12, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report second quarter financial results on Thursday, August 8, 2024. The company will conduct a conference call at 4:30 p.m. (ET) following the release of its earnings materials. An audio replay of the call will be available beginning at 7:30 p.m. (ET) on August 8 in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 190402. PARA-IR ...

Paramount has a merger with Skydance finalized, but it doesn't fix the company's biggest problems. Paramount (PARA 0.26%) has a merger deal finalized with Skydance that will bring more content into the ecosystem and potentially give Paramount+ more scale. But it's not enough to compete with the biggest streaming companies in the world, which Travis Hoium shows is the critical flaw in the strategy. *Stock prices used were end-of-day prices of July 10, 2024. The video was published on July 11, 2024. ...

The executives said on Monday that their approach to the direct-to-consumer (DTC) business would feature strategies like making technological improvements and looking into potential streaming partnerships. They also discussed plans for other segments of the "New Paramount" that is expected to form upon the completion of the transaction. "Our intention is to rebuild the Paramount+ platform and believe that with the technological prowess and relationships that we have, we can expand our DTC business," Ellison ...