Paramount Revenue Is Down: Analyst Remains Optimistic That 'Gladiator II' And 'Sonic 3' Can Help

Paramount Global's PARA third-quarter 2024 financial results reflect a mixed performance across various segments. Here's a breakdown, according to the media giant: Total revenue reached $6.7 billion, down 6% year-over-year and slightly under analyst estimates. Operating income saw a steep decline, down 46% to $337 million Adjusted OIBDA (Operating Income Before Depreciation and Amortization) increased 20% to $858 million, beating expectations by 34%. Adjusted EPS came in at 49 cents, marking a 63% increase ...