Company Of The Day: Paramount Global

November 3rd, 2022 by Trefis Team
+14.31%
Upside
10.88
Market
12.44
Trefis
PARA: Paramount Global logo
PARA
Paramount Global

What?

Paramount Global (NYSE:PARA) posted a weak-than-expected set of Q3 2022 results. While revenue rose 5% year-over-year to $6.9 billion, it fell short of estimates. Adjusted EPS declined by almost 49% year-over-year to $0.39.

Why?

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While growth was driven by the direct-to-consumer business, which expanded 38% year-over-year, the growth rate has cooled from about 56% in Q2. Profits have also taken a hit as Paramount boosts spending on content and marketing for its streaming business.

So What?

PARA stock was down by about 12% in trading on Wednesday.

See Our Complete Analysis For Paramount Global

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Nov 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 PARA Return -8% -44% -74%
 S&P 500 Return -5% -23% 64%
 Trefis Multi-Strategy Portfolio -4% -25% 196%

[1] Month-to-date and year-to-date as of 11/3/2022
[2] Cumulative total returns since the end of 2016

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