Paramount Global Q4 Earnings Preview: Investors Eye Streaming Growth, Q1 Guidance, Super Bowl LVIII Impact
Portfolio Pulse from Chris Katje
Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) is set to report Q4 financial results, with analysts expecting a revenue of $7.85 billion, a decrease from the previous year but the highest of the fiscal year. The company is anticipated to report a loss per share, contrasting with the prior year's profit. Analysts have mixed ratings on Paramount, with concerns over television revenue and potential mergers. Paramount is considering ventures or buyouts with several companies and is expected to undergo layoffs. The company's streaming platform, Paramount+, gained 2.7 million subscribers in Q3. The first quarter included Super Bowl LVIII, which had record viewership and ad revenue potential.
February 27, 2024 | 6:46 pm
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NEUTRAL IMPACT
Paramount Global is expected to report a decrease in Q4 revenue and a loss per share, amidst mixed analyst ratings and potential merger talks. Paramount+ subscriber growth and Super Bowl LVIII's success could positively impact future performance.
Despite the expected decrease in Q4 revenue and a loss per share, the growth in Paramount+ subscribers and the record viewership of Super Bowl LVIII, which Paramount had the media rights to, could provide a positive outlook for the company's future performance. However, concerns over television revenue and the potential impact of mergers and acquisitions introduce uncertainty, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Paramount Global is facing a challenging Q4 with expected revenue decline and loss per share. Analyst concerns over TV revenue and merger impacts persist. Paramount+ growth and Super Bowl LVIII viewership offer potential positive signals.
Similar to PARA, PARAA faces the same financial and strategic challenges in Q4, including expected revenue decline and a loss per share. The concerns raised by analysts regarding television revenue and the uncertain benefits of potential mergers contribute to a cautious outlook. However, the growth in Paramount+ subscribers and the success of Super Bowl LVIII, for which Paramount held media rights, could mitigate some negative impacts, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100