Paramount Global (PARA) Q2 Earnings Beat, Revenues Fall Y/Y

Paramount Global (PARA) delivered adjusted earnings of 54 cents per share for the second quarter of 2024, which beat the Zacks Consensus Estimate by 285.71% and increased significantly from 10 cents reported in the year-ago quarter. Revenues of $3.81 billion missed the Zacks Consensus Estimate by 5.49%. The figure declined 10.5% year over year, owing to softness in TV Media and Filmed Entertainment revenues. Adjusted OIBDA jumped 43% from the year-ago quarter's level to $867 million. Selling, general and ad ...