Slide 1: Paramount Reports Q3 2024 Earnings Results
EARNINGS PRESS RELEASE | November 8, 2024 PARAMOUNT REPORTS Q3 2024 EARNINGS RESULTS « Meaningful Progress Advancing Strategic Goals – Significant Improvement in Direct-To-Consumer: Adjusted OIBDA Improved $287 Million Year-Over-Year to $49 Million – Continued Momentum at Paramount+: Revenue Growth
Slide 2: Direct-to-Consumer
Q3 2024 EARNINGS – SEGMENTS DIRECT-TO-CONSUMER OVERVIEW DTC profitability improved significantly year-over-year. Sports, including the return of the NFL and UEFA, originals like Tulsa King, which saw the biggest global debut in platform history for season 2, and Mayor of Kingstown, as well as post-t
Slide 3: TV Media
Q3 2024 EARNINGS – SEGMENTS TV MEDIA OVERVIEW TV Media benefited from a powerful combination of sports, news and entertainment. CBS live news channels saw strong growth in minutes viewed year-over-year, The Daily Show continued to grow across streaming, linear and social platforms, MTV’s Video Music
Slide 4: Filmed Entertainment
Q3 2024 EARNINGS – SEGMENTS FILMED ENTERTAINMENT OVERVIEW Paramount Pictures’ diverse film slate continued to deliver with the success of A Quiet Place: Day One, which set a franchise record for the biggest opening at the global box office and has grossed $261 million worldwide to date. Transformers
Slide 5: Skydance Transactions
Q3 2024 EARNINGS – SKYDANCE TRANSACTIONS SKYDANCE TRANSACTIONS Completion of the Skydance transactions is subject to regulatory approvals and customary closing conditions. The transactions are anticipated to close in the first half of 2025. Until then, Paramount continues to operate in the normal co
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
Q3 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three Months Ended Nine Months Ended September 30 September 30 2024 2023 2024 2023 Revenues $ 6,731 $ 7,133 $ 21,229 $ 22,014 Costs and e
Slide 9: Consolidated Balance Sheets
Q3 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited; in millions, except per share amounts) At At September 30, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 2,443 $ 2,460 Receivables, net 6,327 7,115 Programmin
Slide 10: Consolidated Statements of Cash Flows
Q3 2024 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in millions) Nine Months Ended September 30 2024 2023 Operating Activities: Net loss (Paramount and noncontrolling interests) $ (5,927) $ (1,093) Less: Net earnings from discon
Slide 11: Supplemental Disclosures Regarding Non-GAAP Financial Measures
Q3 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Unaudited; in millions, except per share amounts) Results for the three and nine months ended September 30, 2024 and 2023 included certain items identified as affecting comparability. Adjusted
Slide 12: Non-GAAP Financial Measures (Continued): Three Months Ended September 30, 2024
Q3 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Three Months Ended September 30, 2024 Net Earnings (Loss) Earnings from from Continuing Continuing Operations Diluted EPS from Ope
Slide 13: Non-GAAP Financial Measures (Continued): Nine Months Ended September 30, 2024
Q3 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Nine Months Ended September 30, 2024 Net Earnings Earnings (Loss) (Loss) from from Continuing Continuing Operations Benefit from O
Slide 14: Non-GAAP Financial Measures (Continued): Nine Months Ended September 30, 2023
Q3 2024 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Nine Months Ended September 30, 2023 Net Earnings Earnings (Loss) (Loss) from from Continuing Continuing Operations Benefit from O
Slide 15: Non-GAAP Financial Measures (Continued): Free Cash Flow
Q3 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