PARAMOUNT GLOBAL Announces Earnings Results for Q2 of FY2023
August 13, 2023
🌥️Earnings Overview
On August 8 2023, PARAMOUNT GLOBAL ($NASDAQ:PARA) reported its earnings results for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue for this period was USD 7616.0 million, which represented a decrease of 2.1% compared to the same quarter of the previous year. Net income for Q2 2023 was USD -299.0 million, in contrast to USD 419.0 million reported in the same quarter of the prior year.
Market Price
On Tuesday, PARAMOUNT GLOBAL released their financial results for the second quarter of their fiscal year 2023. The company’s stock opened at $16.4 and closed at $16.4, up by 1.6% from its prior closing price of 16.1. The results from the second quarter indicate a positive outlook for the company going forward, and investors remain optimistic despite current market conditions. PARAMOUNT GLOBAL’s CEO expressed enthusiasm for the future of the company, emphasizing their commitment to innovation and growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paramount Global. More…
| Total Revenues | Net Income | Net Margin |
| 29.93k | -1.17k | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paramount Global. More…
| Operations | Investing | Financing |
| -773 | -495 | -1.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paramount Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 55.36k | 33.2k | 33.26 |
Key Ratios Snapshot
Some of the financial key ratios for Paramount Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.1% | -14.6% | -2.0% |
| FCF Margin | ROE | ROA |
| -3.7% | -1.7% | -0.7% |
Analysis
At GoodWhale, we have taken an in-depth look at PARAMOUNT GLOBAL‘s finances and performed comprehensive analysis to ascertain the level of risk associated with this particular investment. Our findings indicate that this is a high risk investment, both from a financial and business perspective. We have identified three key risk warnings in the income sheet, balance sheet and cashflow statement. To view the details of these warnings and any other additional information, please register an account on goodwhale.com. There you can find out more about the potential risks of investing in PARAMOUNT GLOBAL and make an informed decision about where to place your funds. More…
Peers
Paramount Global is one of the leading entertainment companies in the world. It has a strong presence in the film and television industry and competes with the likes of The Walt Disney Co, Lions Gate Entertainment Corp, and Netflix Inc. The company has a diversified portfolio of businesses that includes film production and distribution, television programming and syndication, home entertainment, theme parks, and consumer products.
– The Walt Disney Co ($NYSE:DIS)
Walt Disney Co is a publicly traded company with a market cap of 186.02B as of 2022. The company has a return on equity of 4.53%. Walt Disney Co is a diversified entertainment company that operates in four business segments: media networks, parks and resorts, studio entertainment, and consumer products. The company was founded in 1923 and is headquartered in Burbank, California.
– Lions Gate Entertainment Corp ($NYSE:LGF.B)
Lions Gate Entertainment Corp is a Canadian entertainment company with a market cap of 1.71B as of 2022. The company has a Return on Equity of -1.61%. Lions Gate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, new channel platforms and international distribution and sales. The company’s motion picture business includes the production, financing and distribution of motion pictures through its Lionsgate and Summit Entertainment labels, as well as through its Pantelion Films joint venture with Televisa. Lionsgate’s television business includes the production, financing and distribution of television series, telefilms and other programming through its Lionsgate Television, Lionsgate UK and Debmar-Mercury subsidiaries.
– Netflix Inc ($NASDAQ:NFLX)
Netflix, Inc. is an American publicly traded streaming entertainment company founded in 1997 by Reed Hastings and Marc Randolph. The company’s primary business is a subscription-based streaming service offering online streaming from a library of films and television series, including those produced in-house.
Summary
PARAMOUNT GLOBAL reported its second quarter earnings for 2023 on August 8, showing a total revenue of USD 7616.0 million, down 2.1% from the same period of the previous year. Net income for the quarter was USD -299.0 million, a significant decrease compared to the USD 419.0 million reported the year prior. Investors should take caution when considering PARAMOUNT GLOBAL as a potential investment opportunity, as there has been a marked decline in both revenue and net income. Further analysis of the company’s financials is necessary in order to make an informed decision.
Related Posts
Recent Posts
