Paramount Earnings Reaction: Wall Street Gives Better Reviews Than Last Time

  • 📰 THR
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Paramount's latest earnings update shows better results than its previous quarter, with Wall Street analysts giving positive reviews and even raising their stock price targets. The Hollywood firm narrowed its quarterly adjusted operating loss in streaming to $424 million and saw a slight increase in Paramount+ subscribers to 61 million.

better reviews than its first-quarter update, with several analysts even slightly raising their stock price targets.

After all, in its earnings update unveiled after the market close on August 7, the firm narrowed its quarterly adjusted operating loss before depreciation and amortization in streaming to $424 million while slightly growing Paramount+ subscribers to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian earnings: Wall Street eyes $1 billion in Q2 revenue for EV makerWall Street is looking for Rivian to hit $1 billion in quarterly revenue and keep a lid on costs.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks open higher as Wall Street comes off its worst week since MarchU.S. stock indexes opened higher on Monday morning after the S&P 500 and Nasdaq Composite closed out their worst weekly performance since March. Investors’...
Source: MarketWatch - 🏆 3. / 97 Read more »

UBS rejigs investment bank in bid to better compete with Wall StreetUBS announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse.
Source: Reuters - 🏆 2. / 97 Read more »