Paramount Global Q3 Earnings Surpass Estimates, Revenues Fall Y/Y

Paramount Global (PARA) delivered adjusted earnings of 49 cents per share for the third quarter of 2024, which beat the Zacks Consensus Estimate by 104.2% and increased 63% from the year-ago quarter.Revenues of $6.73 billion missed the Zacks Consensus Estimate by 5.6%. The figure declined 6% year over year, owing to softness in TV Media and Filmed Entertainment revenues.Adjusted OIBDA rose 20% from the year-ago quarter’s level to $858 million.Selling, general and administrative expenses decreased 11.8% year ...