Paramount Global Q2 Earnings Highlights: Studio Posts Revenue Miss, DTC Segment Up 13%, Closing Date For Skydance Merger

Media company Paramount Global PARA PARAA reported second-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Paramount reported second-quarter revenue of $6.81 billion, down 11% year-over-year. The revenue total missed a Street consensus estimate of $7.21 billion, according to data from Benzinga Pro. The company reported adjusted earnings per share of 54 cents, which may not be comparable to the 10 cents per share reported in the second quarter of last yea ...