- Paramount Global‘s fourth-quarter revenue was $7.98 billion, growing by 4.5% year-over-year, but still below the expected $8.06 billion.
- Television segment revenue decreased by 3.7% year-over-year to $4.98 billion, below the projection of $5.15 billion.
- Direct-to-consumer revenue rose by 7.7% year-over-year to $2.01 billion, short of the estimated $2.05 billion.
- Filmed Entertainment revenue saw a significant increase of 67% year-over-year to $1.08 billion, surpassing the forecast of $955.3 million.
- Operating income dropped by 68% year-over-year to $129 million, against the estimate of $413 million.
- The adjusted loss per share from continuing operations was 11 cents, contrasting with last year’s earnings per share (EPS) of 4 cents and missing the predicted EPS of 11 cents.
- The loss per share from continuing operations increased to 33 cents compared to a loss of 2 cents per share in the previous year.
- Free cash flow fell by 87% year-over-year to $56 million but was better than the anticipated negative $164.9 million.
- Adjusted OIBDA decreased by 22% year-over-year to $406 million, falling short of the estimated $544.5 million.
- Paramount+ subscribers grew by 15% year-over-year, reaching 77.5 million, exceeding the estimate of 74.42 million.
- Net addition of Paramount+ subscribers increased by 37% year-over-year, totaling 5.6 million, beating the projection of 2.52 million.
A look at Paramount Global Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Paramount Global, a prominent media company, shows a promising long-term outlook according to Smartkarma Smart Scores. With a top-notch Value score, the company is deemed to have strong fundamentals and potential upside for investors. While the Dividend score is moderate, indicating decent dividend prospects, Paramount Global has room for improvement in Growth and Resilience scores, reflecting a possible need for strategic adjustments in these areas. The Momentum score, standing at a solid 4, suggests favorable market momentum for the company.
Paramount Global‘s diversified operations in entertainment content production and distribution through various channels position it well in the global market. The company’s high Value score underscores its financial stability and growth prospects, making it an attractive investment option. Despite some areas for enhancement such as Growth and Resilience scores, Paramount Global‘s positive Momentum score indicates a favorable market sentiment towards the company’s future prospects, hinting at potential opportunities for investors seeking long-term growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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