Paramount Global is restructuring its TV-production business as part of a cost-cutting effort and what the company said were significant changes in the TV and streaming marketplaces. Paramount on ...

“As you’re all aware, Paramount Global has made the difficult decision to close Paramount Television Studios as part of the company’s broader restructuring plans,” Clemens wrote in a memo ...

Paramount Global said its direct-to-consumer streaming business was "on track" to reach domestic profitability in 2025.

Revenue reached $7.19 billion in the first quarter, topping the $7.09 billion consensus estimate. Adjusted earnings per share were $0.29, ahead of analysts' projection of $0.25, according to LSEG.

Paramount said its Skydance deal was still “expected to close in the first half of 2025 ... Revenue from Paramount’s TV networks fell 13% to $4.5 billion. Ad revenue from TV fell 21% ...

Paramount beat Q1 revenue and cash flow estimates; strong TV, film, and sports helped offset streaming shortfall. PARA stock up 0.5% as Paramount+ hits 79M subs; free cash flow and ad revenue ...

Paramount reaffirmed plans to close its $8 billion merger with Skydance Media in the first half of the year. The company is also counting on Mission Impossible - The Final Reckoning to lift Q2 studio ...