Paramount Reports Strong Q1 Earnings

Paramount Skydance said first-quarter profit rose despite shortfalls in the company’s largest business –traditional TV — as revenue dips from cable and broadcast were offset by growth in movie and TV production as well as subscriptions to Paramount+. In a letter to shareholders Mon

Paramount met most of Wall Street’s expectations in the first quarter, though gains at flagship streamer Paramount+ fell slightly short. The company reported total revenue of $7.347 billion in the January-to-March period, slightly ahead of the consensus outlook by analysts for $7.28 billion. E