News Formal

Paramount Q3 2023 Earnings Reaction: Wall Street Analysts Weigh In

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

United States News News

United States United States Latest News,United States United States Headlines

The company now says losses this year will be smaller than last year for its direct-to-consumer unit led by Paramount+, but analysts have more tempered takes: 'Light at the end of the tunnel? Not yet.'

After exceeding revenue estimates and topping expectations for how much it could cut losses in its streaming unit , Wall Street analysts picked through Paramount Global‘s Nov. 2 earnings report for how it’s faring in a battle to survive in a landscape with far larger.

After exceeding revenue estimates and topping expectations for how much it could cut losses in its streaming unit , Wall Street analysts picked through Paramount Global‘s Nov. 2 earnings report for how it’s faring in a battle to survive in a landscape with far larger
 

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 US

United States United States Latest News, United States United States Headlines

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

Paramount Q3 2023 Earnings: Streaming Losses $238M, Subscribers Hit 63MThe Bob Bakish-led conglomerate saw its filmed entertainment unit swing to a $49 million loss amid production shutdowns while content licensing revenue fell amid dual labor strikes.
Source: THR - 🏆 411. / 53 Read more »

Apple Q3 2023 Earnings ReleasedTotal revenue hit $89.5 billion thanks to a big quarter for iPhones.
Source: THR - 🏆 411. / 53 Read more »

Live Nation Earnings: Record Revenue and Attendance in Q3Live Nation has announced record-breaking revenue and attendance in its Q3 2023 earnings report.
Source: Variety - 🏆 108. / 63 Read more »