PARAMOUNT GLOBAL Reports Q2 FY2023 Earnings Results with 2.1% YOY Revenue Decrease
August 13, 2023
🌥️Earnings Overview
PARAMOUNT GLOBAL ($NASDAQ:PARAA) revealed its Q2 FY2023 earnings results on June 30 2023, with total revenue of USD 7616.0 million, representing a year-over-year decrease of 2.1%. Net income for the quarter was reported at USD -299.0 million, compared to the USD 419.0 million recorded in the same period of the previous year.
Analysis
Analyzing the financials of PARAMOUNT GLOBAL, GoodWhale has classified it as a ‘cow’, a type of company with the track record of paying out consistent and sustainable dividends. This makes PARAMOUNT GLOBAL an attractive option for investors seeking steady income – such as retirees, or those that lack the time and resources to actively research and trade stocks. According to its Star Chart, PARAMOUNT GLOBAL is strong in dividend, and medium in asset, growth, and profitability. Its health score of 7/10 indicates that it is capable to safely ride out any crisis without the risk of bankruptcy. This, along with its consistent dividend payments, makes it an attractive stock for those seeking a stable and reliable income stream. More…
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% |
Summary
Investing in PARAMOUNT GLOBAL on June 30 2023 could be a risky venture, as the company reported total revenue of USD 7616.0 million, a 2.1% decrease year-over-year. The company also reported a net income of USD -299.0 million, in comparison to the 419.0 million reported in the same quarter of the previous year. These numbers indicate that PARAMOUNT GLOBAL’s financial performance has suffered and potential investors should proceed with caution and analyze the company’s future prospects in depth before investing.
