Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Rafael Henrique | SOPA Images | Lightrocket | Getty Imagesfell as much as 28% Thursday after it reported earnings and revenue that missed analyst estimates and cut its quarterly dividend.The company cut its dividend to 5 cents per share from 24 cents a share to "further enhance our ability to deliver long-term value for our shareholders as we move toward streaming profitability," Chief Executive Officer Bob Bakish said in a statement.
Paramount Global's traditional TV revenue, which consists of CBS and its cable networks such as MTV, Comedy Central and Nickelodeon, dropped 8% in the quarter to $5.2 billion. The company's film studio division reported a 6% drop in revenue year-over-year.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
The R34 Skyline Just Became Legal To Import, But You Might Want To Wait LongerNissan's R34 Skyline turns 25 years old, finally beating the U.S. 25-year import guidelines.
続きを読む »
25 Billion Times The Energy of a Nuclear Bomb Trapped by Global Warming Since 1971Since the 18th century, humans have been taking fossil fuels out of their safe storage deep underground and burning them to generate electricity or power machinery.
続きを読む »
Paramount Streaming Loss Widens to $511M as Paramount+ Hits 60M SubsThe company takes $1.67 billion in programming charges and cuts its dividend as quarterly results miss Wall Street expectations and TV advertising drops 11 percent.
続きを読む »
Paramount Global Swings to Q1 Loss On Streaming InvestmentParamount Global said it would it cut its dividend as continued investment in streaming weighed on the company while it saw declines in its traditional revenue from advertising and cable distributi…
続きを読む »
Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock DropsParamount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment as well. Th…
続きを読む »
Houston Open golf set for March 25-31 in 2024 at Memorial ParkThe Houston Open has its new date for 2024. The PGA Tour event will be March 25-31 at Memorial Park. The Houston Open takes the spot on the PGA schedule that had been held by the match play event in Austin.
続きを読む »