Paramount Global-A (PARAA, Financial) saw its stock price surge by 5.17%, reaching $23.20 per share. The trading volume stood at 54,303 shares, with a turnover rate of 0.01% and a volatility of 4.33%. Recent financial reports show the company generated $6.731 billion in revenue, with a net loss of $4 million and zero earnings per share. The gross profit was $2.293 billion, and the price-to-earnings ratio was -2.79.
In terms of analyst ratings, out of 27 institutions, 15% recommended buying, 48% suggested holding, and 37% advised selling the stock. The entertainment industry, where Paramount operates, experienced an overall growth of 1.56%. Notable performers in the sector included Kuke Music, Reading International Inc, and Alliance Entertainment Holding Corporation. Meanwhile, Color Star Technology, Bloomz Inc., and iQIYI showed significant trading activity with turnover rates of 5.14%, 3.96%, and 3.03%, respectively. Stocks with notable volatility included Hall Of Fame Resort & Entertainment Company, Kuke Music, and Reservoir Media Inc, with swings of 50.00%, 22.72%, and 16.67%.
Paramount Global operates through three key business segments: Television Media, Film Entertainment, and Direct-to-Consumer. The Television Media segment includes production studios and various broadcast and cable networks such as CBS, Paramount, Nickelodeon, MTV, BET, and VH1. The Film Entertainment segment comprises multiple film studios, with Paramount Pictures being the most prominent. These studios produce and distribute films to theaters and other media. The Direct-to-Consumer segment includes streaming platforms like Paramount+, Showtime, Pluto TV, and BET+, with most content produced by the company's other business segments.
