Slide 1: Paramount Reports Q4 and Full Year 2024 Earnings Results
EARNINGS PRESS RELEASE | February 26, 2025 PARAMOUNT REPORTS Q4 AND FULL YEAR 2024 EARNINGS RESULTS Strong Content Slate Drove Solid Top Line Results ▪ Total Company Revenue Grew 5% for Q4 Continued Momentum in Streaming ▪ Paramount+ Increased Revenue by 16% for Q4 and 33% for FY ▪ Subscribers Grew
Slide 2: Q4 2024 Earnings – Direct-to-Consumer
Q4 2024 EARNINGS – SEGMENTS DIRECT-TO-CONSUMER OVERVIEW DTC saw impressive momentum in Q4, including continued earnings improvement year- over-year, significant growth in subscribers and record engagement resulting in measurable revenue growth. In fact, Q4 added 5.6 million new subscribers on Paramo
Slide 3: Q4 2024 Earnings – TV Media
Q4 2024 EARNINGS – SEGMENTS TV MEDIA OVERVIEW TV Media continues to define the linear landscape with #1 hit TV series across broadcast and cable. The NFL on CBS delivered three of the top four regular season games, averaging over 19 million viewers on broadcast, and streaming viewership was up nearl
Slide 4: Q4 2024 Earnings – Filmed Entertainment
Q4 2024 EARNINGS – SEGMENTS FILMED ENTERTAINMENT OVERVIEW Paramount Pictures’ franchise-driven strategy delivered significant revenue growth in Q4, supported by Sonic the Hedgehog 3, which is approaching nearly $500 million at the global box office, making it the highest-grossing film in the franchi
Slide 5: Skydance Transactions
Q4 2024 EARNINGS – SKYDANCE TRANSACTIONS SKYDANCE TRANSACTIONS Completion of the Skydance transactions is subject to regulatory approvals and customary closing conditions. The transactions are expected to close in the first half of 2025. Until then, Paramount continues to operate in the normal cours
Slide 6: About Paramount
ABOUT PARAMOUNT Paramount (NASDAQ: PARA; PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET
Slide 7: Contacts
CONTACTS PRESS Justin Dini Executive Vice President Acting Chief Communications Officer (212) 846-2724 justin.dini@paramount.com Allison McLarty Senior Vice President Corporate Communications (323) 376-7903 allison.mclarty@paramount.com INVESTORS Jaime Morris Executive Vice President Investor Relati
Slide 8: Consolidated Statements of Operations
Q4 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three Months Ended Twelve Months Ended December 31 December 31 2024 2023 2024 2023 Revenues $ 7,984 $ 7,638 $ 29,213 $ 29,652 Costs and e
Slide 9: Consolidated Balance Sheets
Q4 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except per share amounts) At December 31 2024 2023 ASSETS Current Assets: Cash and cash equivalents $ 2,661 $ 2,460 Receivables, net 6,920 7,115 Programming and other inventory 1,429 1
Slide 10: Consolidated Statements of Cash Flows
Q4 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Twelve Months Ended December 31 2024 2023 Operating Activities: Net loss (Paramount and noncontrolling interests) $ (6,149) $ (576) Less: Net earnings from discontinued opera
Slide 11: Supplemental Disclosures Regarding Non-GAAP Financial Measures
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Unaudited; in millions, except per share amounts) Adjusted operating income before depreciation and amortization (“Adjusted OIBDA”), adjusted earnings from continuing operations before income
Slide 12: Supplemental Disclosures Regarding Non-GAAP Financial Measures (Continued)
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) The table below sets forth our Adjusted OIBDA by reportable segment and a reconciliation of total Adjusted OIBDA to Operating Inco
Slide 13: Supplemental Disclosures Regarding Non-GAAP Financial Measures (Continued)
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Three Months Ended December 31, 2024 Earnings (Loss) Net Loss from from Continuing Continuing Operations Operations Diluted EPS fr
Slide 14: Supplemental Disclosures Regarding Non-GAAP Financial Measures (Continued)
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Twelve Months Ended December 31, 2024 Net Earnings Earnings (Loss) (Loss) from from Continuing Continuing Operations Benefit from
Slide 15: Supplemental Disclosures Regarding Non-GAAP Financial Measures (Continued)
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Twelve Months Ended December 31, 2023 Net Earnings Earnings (Loss) (Loss) from from Continuing Continuing Operations Benefit from
Slide 16: Supplemental Disclosures Regarding Non-GAAP Financial Measures (Continued)
Q4 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions) Free Cash Flow Free cash flow is a non-GAAP financial measure. Free cash flow reflects our net cash flow provided by (used for) operating activities from co