Paramount Global-B (PARA) Reports Q4 Loss, Misses Revenue Estimates

Core Viewpoint - Paramount Global-B reported a quarterly loss of $0.11 per share, missing the Zacks Consensus Estimate of$ 0.10, and compared to earnings of $0.04 per share a year ago, indicating a significant earnings surprise of -210% [1][2] Financial Performance - The company posted revenues of$ 7.98 billion for the quarter ended December 2024, which was 1.94% below the Zacks Consensus Estimate, and an increase from $7.64 billion year-over-year [2] - Over the last four quarters, Paramount Global-B has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2] Stock Performance - Since the beginning of the year, Paramount Global-B shares have increased by approximately 9.9%, outperforming the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.50 on revenues of $7.16 billion, and for the current fiscal year, it is$ 1.53 on revenues of $28.91 billion [7] - The trend of estimate revisions for the company is mixed, which could change following the recent earnings report [6] Industry Context - The Media Conglomerates industry, to which Paramount Global-B belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]