Paramount Global Class A ( (PARAA) ) has released its Q4 earnings. Here is a breakdown of the information Paramount Global Class A presented to its investors.
Paramount Global Class A is a leading global media, streaming, and entertainment company known for its extensive library of TV and film titles, offering innovative streaming services and digital video products.
In its latest earnings report for Q4 and the full year 2024, Paramount Global showcased a strong performance driven by its content slate, with total company revenue growing by 5% in Q4. The company highlighted significant momentum in its streaming services, particularly Paramount+, which saw a 16% revenue increase in Q4 and a 33% increase for the full year.
Key financial metrics included a 5% increase in total revenue for Q4, with Paramount+ adding 5.6 million subscribers in the quarter, reaching a total of 77.5 million subscribers. The company’s direct-to-consumer segment saw an 8% increase in revenue, while the filmed entertainment segment experienced a 67% revenue increase, driven by successful theatrical releases. However, TV media revenue declined by 4% due to a decrease in advertising revenue.
Despite challenges in the advertising sector, Paramount Global achieved targeted cost savings and improved its balance sheet, generating a net operating cash flow of $752 million for the year. The company remains optimistic about achieving domestic profitability for Paramount+ in 2025, supported by its strong content strategy and subscriber growth.
Looking ahead, Paramount Global’s management is confident in its transition to a streaming-first company, with expectations of continued growth and profitability driven by its robust content offerings and strategic initiatives.
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