Paramount Global (PARA, PARAA) reported second quarter earnings on Thursday, August 8, posting mixed results. Adjusted earnings beat expectations, but...
on Thursday, August 8, posting mixed results . Adjusted earnings beat expectations, but revenue missed estimates, but Paramount's direct-to-consumer business posted a profit for the first time. The company is also planning to lay off 15% of its U.S. workforce. Citi Managing Director Jason Bazinet joins Yahoo Finance to discuss the Paramount's recent results. The company also took a nearly $6 billion right down on its cable television business.
And so the trade off that the streets looking at in aggregate across these companies, you know, isn't, isn't super bullish.
This is sort of a backward looking lagging indicator on some, you know, goodwill asset that sits on the balance sheet, that's sort of irrelevant.They're looking at what is the trajectory of the linear business?And so I, I'm sure the write downs are absolutely appropriate but not something that should really bother the street because each quarter they're adjusting to the real time trends.
Seneca Growth Capital VCT Plc 9 August 2024 Issue of Equity and Total Voting Rights The Company announces that it has today allotted and issued 122,182 new B ordinary shares of 1p each in the Company . The shares were issued pursuant to an offer for subscription for B Shares launched on 24 August 2023 to raise, in aggregate, up to £10 million with an over-allotment facility of up to a further £10 million . Pursuant to the Offer, and tFORM 8.
Jason Bazinet Mixed Results Quarter Earnings
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mystery bidder for Paramount Global raises questionsParties involved in evaluating offers for Paramount Global have raised questions about the legitimacy of Apex Capital Trust's bid for the company, one source...
Read more »
Paramount Global writes down value of cable networks by $6 billionParamount Global wrote down the value of its cable networks by nearly $6 billion Thursday, in another sign of how significantly the television market has...
Read more »
Paramount set for first earnings report since announcing Skydance takeoverParamount Global will deliver its first earnings report since announcing plans to merge with Skydance Media.
Read more »
Global Market Scan: Smart power grids - Transforming global energy infrastructureCanada's construction news
Read more »
Global internet outage latest updates: Airlines, businesses hit by global technology disruptionAn internet outage affecting Microsoft is disrupting flights, banks, media outlets and companies across the world, with problems continuing hours after the technology company said it was gradually fixing an issue affecting access to Microsoft 365 apps and services.
Read more »
Paramount Guts History To Save Money And We All Suffer From Their CheapnessMichael Arceneaux is the New York Times bestselling author of I Can’t Date Jesus: Love, Sex, Family, Race, and Other Reasons I’ve Put My Faith in Beyoncé and I Don't Want To Die Poor.
Read more »