Paramount Global Class A Stock News

Longtime Paramount Global shareholder Mario Gabelli, who had agitated against iterations of the Skydance-Paramount merger deal, is stepping up his campaign for more transparency around the deal. Lawyers for Gabelli, who operates an investment fund holding 12.

Fans can sign up to RSVP for the free, immersive activation to get hyped for the upcoming Paramount Pictures film Gladiator II, only in theatres everywhere on November 22. They'll be transported to "The Pepsi COLAsseum" at Regal Times Square and be the first to experience the movie in 4DX.

“We feel good about our position and our ability to remain a standalone.” That was Paramount Co-CEO Chris McCarthy's update on the status of Paramount+, delivered on this morning's third-quarter earnings call. His comment came after an analyst asked whether a strategic partner was still being sought for Paramount+.

Paramount Global (NASDAQ:PARA ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Jaime Morris - EVP of IR Brian Robbins - President and CEO Chris McCarthy - President and CEO George Cheeks - President and CEO Naveen Chopra - EVP and CFO Conference Call Participants Ben Swinburne - Morgan Stanley Bryan Kraft - Deutsche Bank Rich Greenfield - LightShed Partners St...

The company still expects to close its merger with Skydance, the studio run by David Ellison, in the first half of 2025.

The media and entertainment company's shares are down 22% this year, compared with a 25% rise for the benchmark S&P 500.

Paramount Global posted mixed third quarter financial numbers, but its leaders are pointing to solid subscription growth and profits at Paramount+ and cost reductions as signs their plan is “working.” Revenues for Q3 were $6.73 billion, down 6% year-on-year, but adjusted earning per share were up at 49 cents.

Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content.