Summary by Moomoo AI
Paramount Global (Paramount) reported a decrease in revenues for the third quarter of 2024, with a 6% drop to $6.73 billion compared to the same period in 2023. Operating income saw a significant decline of 46% to $337 million, while net earnings from continuing operations attributable to Paramount showed a loss of $4 million, a stark contrast to the $247 million profit in the previous year. Diluted EPS from continuing operations also fell from $.36 to a loss of $.01. Despite these declines, non-GAAP metrics such as Adjusted OIBDA increased by 20% to $858 million, and Adjusted net earnings from continuing operations rose by 58% to $327 million, with Adjusted diluted EPS from continuing operations up by 63% to $.49. The company's nine-month performance similarly reflected a decrease in revenues by 4% to $21.23 billion...Show More
