Paramount Global
NASDAQ:PARAA

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Paramount Global
NASDAQ:PARAA
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Price: 16.91 USD Market Closed
Market Cap: 7.2B USD

Paramount Global
Investor Relations

Paramount Global, a formidable entity in the entertainment and media industry, is the result of a strategic evolution from its historical roots. Initially known as ViacomCBS, the company rebranded to Paramount Global in 2022, embracing its storied cinematic legacy while propelling into the evolving media landscape of streaming and digital content. With its headquarters in New York City, Paramount Global operates across various dimensions of entertainment, including cable networks, film production, and direct-to-consumer streaming services. The company leverages its extensive portfolio of iconic brands such as CBS, MTV, and Nickelodeon, alongside Paramount Pictures, to captivate audiences across the globe.

Driven by both traditional and digital revenue streams, Paramount Global undertakes a strategic blend of operation to sustain its market presence. Broadcasting remains a significant pillar, with advertising sales and affiliate fees from its networks contributing substantially to its revenue. At the same time, the company's strategic thrust into the streaming domain, primarily through its platforms Paramount+ and Pluto TV, positions it to tap into the rapidly shifting viewer preferences towards on-demand content. This digital expansion is complemented by content licensing and distribution deals worldwide. Underpinning these operations is a focus on synergy, aiming to leverage its comprehensive ecosystem of content creation and distribution to generate profitable growth and reinforce its status as a media powerhouse on both traditional and digital fronts.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Jul 31, 2025
AI Summary
Q2 2025

Final Standalone Call: This was Paramount Global’s last earnings call under its current structure, as the Skydance transaction is expected to close August 7, 2025.

Revenue Growth: Paramount reported total company revenue of $6.8 billion for Q2, up 1% year-over-year.

Streaming Strength: Direct-to-consumer (D2C) revenue grew 15%, with Paramount+ revenue up 23% year-over-year and subscription revenue up 22%.

Profitability Improvements: Adjusted OIBDA for D2C was $157 million, a sixfold improvement from last year. Total company adjusted OIBDA was $824 million.

Subscriber Trends: Paramount+ ended the quarter with 77.7 million subscribers, up 9.3 million year-over-year but down 1.3 million quarter-over-quarter due to an expiring distribution deal.

Cost Reductions: The company achieved over $800 million in annual run-rate non-content expense savings over the past four quarters.

Traditional TV Declines: Linear TV media revenue fell, with TV advertising down 4% and affiliate revenue down 7% year-over-year, but total affiliate and subscription revenue grew 5%.

No Guidance Given: Due to the impending transaction, management did not provide full-year 2025 guidance.

Key Financials
Revenue
$6.8 billion
Adjusted OIBDA
$824 million
Free Cash Flow
$114 million
Paramount+ Subscribers
77.7 million
Paramount+ ARPU
up 9% year-over-year
Direct-to-Consumer Revenue
$2.2 billion
D2C Adjusted OIBDA
$157 million
TV Media Revenue
$4 billion
TV Media OIBDA
$853 million
Filmed Entertainment Revenue
$690 million
Filmed Entertainment Adjusted OIBDA
-$84 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Naveen K. Chopra
Executive VP & CFO
No Bio Available
Ms. Nancy Ramsey Phillips J.D.
Executive VP & Chief People Officer
No Bio Available
Ms. Doretha F. Lea
Executive Vice President of Global Public Policy & Government Relations
No Bio Available
Ms. Katherine M. Gill-Charest
Executive VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Philip R. Wiser
Executive VP & CTO
No Bio Available
Mr. Stephen D. Mirante
Executive VP & Chief Administrative Officer
No Bio Available
Mr. Jaime Sue Morris C.F.A., CPA
Executive Vice President of Investor Relations
No Bio Available
Mr. Alex Berkett
Executive VP, Chief Corporate Development & Strategy Officer
No Bio Available
Mr. Julio Marenghi
Senior Vice President - Revenue Strategy
No Bio Available
Mr. Ray Hopkins
President of U.S. Networks Distribution
No Bio Available

Contacts

Address
NEW YORK
New York City
1515 Broadway
Contacts
+12122586000.0
www.paramount.com