Paramount Global Q1 Earnings Beat Estimates, Revenues Fall Y/Y

Paramount Global (PARA) shares closed flat in after-market hours after reporting adjusted earnings of 29 cents per share for the first quarter of 2025, which beat the Zacks Consensus Estimate by 7.41%. The bottom line declined 53.2% from the year-ago quarter’s reported figure Revenues of $7.19 billion beat the Zacks Consensus Estimate by 1.5%. The figure declined 6% year over year. The performance was impacted by softness in TV Media revenues.Consolidated adjusted OIBDA fell 30% from the year-ago quarter’s ...