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Paramount Global-B (PARA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2024, Paramount Global-B (PARA - Free Report) reported revenue of $6.81 billion, down 10.5% over the same period last year. EPS came in at $0.54, compared to $0.10 in the year-ago quarter.

The reported revenue represents a surprise of -5.49% over the Zacks Consensus Estimate of $7.21 billion. With the consensus EPS estimate being $0.14, the EPS surprise was +285.71%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Paramount Global-B performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Global Paramount Subscribers

    : 68.4 million versus 70.37 million estimated by three analysts on average.
  • Revenues- Filmed Entertainment

    : $679 million compared to the $688.01 million average estimate based on five analysts. The reported number represents a change of -18.3% year over year.
  • Revenues- TV Media

    : $4.27 billion compared to the $4.62 billion average estimate based on five analysts. The reported number represents a change of -17.2% year over year.
  • Revenues- Direct-to-Consumer

    : $1.88 billion versus the five-analyst average estimate of $1.91 billion. The reported number represents a year-over-year change of +12.9%.
  • Revenues- Direct-to-Consumer- Advertising

    : $513 million compared to the $528.83 million average estimate based on three analysts. The reported number represents a change of +16.3% year over year.
  • Revenues- Affiliate and subscription fees

    : $3.28 billion compared to the $3.34 billion average estimate based on three analysts. The reported number represents a change of +1.2% year over year.
  • Revenues- Filmed Entertainment- Advertising

    : $7 million versus the three-analyst average estimate of $11.35 million. The reported number represents a year-over-year change of -36.4%.
  • Revenues- Filmed Entertainment- Theatrical

    : $138 million compared to the $195.61 million average estimate based on three analysts. The reported number represents a change of -40.3% year over year.
  • Revenues- Filmed Entertainment- Licensing and Other

    : $534 million versus $474.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.3% change.
  • Revenues- TV Media- Licensing and other

    : $630 million compared to the $964.56 million average estimate based on three analysts. The reported number represents a change of -47.5% year over year.
  • Revenues- TV Media- Affiliate and subscription

    : $1.91 billion versus the three-analyst average estimate of $1.94 billion. The reported number represents a year-over-year change of -5.1%.
  • Revenues- TV Media- Advertising

    : $1.73 billion versus $1.74 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11% change.
View all Key Company Metrics for Paramount Global-B here>>>

Shares of Paramount Global-B have returned -10.6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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