Paramount Global (NASDAQ: PARA; PARAA) has announced financial results for the third quarter of 2024, reporting a 6% decrease in revenues.
Third-quarter revenue decreased 6% year-over-year to $6.73 billionDTC revenue increased by 10% during the three months, while TV Media revenues decreased by 6%At $590 million, Filmed Entertainment revenue was down 34%The company reported net income attributable to shareholders of $1 million for Q3, compared to $295 million or $0.43 per share last yearOperating income decreased to $337 million in the September quarter from $621 million in the year-ago quarterTotal costs and expenses came in at $6.39 billion in Q3, vs. 6.51 billion a year earlier
The post Earnings Summary: Highlights of Paramount’s Q3 2024 results first appeared on AlphaStreet.
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