Paramount (PARA) - 2024 Q1 - Quarterly Results

Exhibit 99 EARNINGS PRESS RELEASE | April 29, 2024 PARAMOUNT REPORTS Q1 2024 EARNINGS RESULTS «Paramount+ Increased Revenue 51% Year-Over-Year and Reached More Than 71 Million Global Subscribers «Direct-To-Consumer Adjusted OIBDA Improved Year-Over-Year for the 4th Consecutive Quarter «Total Advertising Revenue Rose 17%; Total Company Revenue Increased 6% «Generated $260 Million of Net Operating Cash Flow and $209 Million of Free Cash Flow in Q1 STATEMENT FROM NAVEEN CHOPRA, EXECUTIVE VICE PRESIDENT & CHIEF ...