Paramount Global Q1 2024 Adj EPS $0.62 Beats $0.36 Estimate, Sales $7.685B Miss $7.732B Estimate
Paramount Global Q1 2024 Adj EPS $0.62 Beats $0.36 Estimate, Sales $7.685B Miss $7.732B Estimate
$Paramount Global-B (PARA.US)$ reported quarterly Adj earnings of $0.62 per share which beat the analyst consensus estimate of $0.36 by 72.22 percent. The firm said in its report that the CEO Bob Bakish would step down.
$派拉蒙环球-B (PARA.US)$ 公布的季度调整后每股收益为0.62美元，比分析师普遍预期的0.36美元高出72.22％。该公司在报告中表示，首席执行官鲍勃·巴基什将辞职。
Paramount said George Cheeks (CBS CEO), Chris McCarthy (CEO Showtime/MTV Entertainment Studios and Paramount Media Networks), and Brian Robbins (CEO Paramount Pictures and Nickelodeon) will lead the company from now on.
派拉蒙表示，乔治·奇克斯（哥伦比亚广播公司首席执行官）、克里斯·麦卡锡（Showtime/MTV娱乐工作室和派拉蒙媒体网络首席执行官）和布莱恩·罗宾斯（派拉蒙影业和Nickelodeon首席执行官）将从现在起领导该公司。
"Paramount Global includes exceptional assets, and we believe strongly in the company's future value creation potential. I have tremendous confidence in George, Chris, and Brian. They have the ability to develop and execute a new strategic plan and to work together as true partners," Paramount Chair Shari Redstone said.
“派拉蒙环球拥有卓越的资产，我们坚信公司未来的价值创造潜力。我对乔治、克里斯和布莱恩充满信心。他们有能力制定和执行新的战略计划，并作为真正的合作伙伴共同努力。” 派拉蒙主席莎莉·雷德斯通说。
Paramount Global reported first-quarter revenue Monday of $7.685 billion, up 6% year-over-year. The revenue total missed a Street consensus estimate of $7.732 billion, according to data from Benzinga Pro.
派拉蒙环球周一公布的第一季度收入为76.85亿美元，同比增长6％。根据Benzinga Pro的数据，总收入未达到华尔街共识估计的77.32亿美元。
The company reported earnings per share of 62 cents, which beat a Street estimate of 36 cents. The first-quarter financial results from Paramount come as the company continues merger talks with David Ellison's Skydance Media.
该公司公布的每股收益为62美分，超过了华尔街估计的36美分。派拉蒙公布第一季度财务业绩之际，该公司仍在继续与戴维·埃里森的Skydance Media进行合并谈判。
Paramount and Skydance have until May 3 to continue exclusive talks on a merger. The period could be extended or Paramount could look to other interested parties after this time.
派拉蒙和Skydance必须在5月3日之前继续就合并进行独家谈判。在此之后，该期限可能会延长，或者派拉蒙可能会向其他利益相关方寻求帮助。
On Monday, shares of Paramount jumped ahead of earnings with new concessions proposed to Paramount shareholders by Ellison and the Shari Redstone family, which holds a controlling interest in Paramount.
周一，埃里森和持有派拉蒙控股权的莎莉·雷德斯通家族向派拉蒙股东提出了新的让步，派拉蒙的股价在盈利之前上涨。
Revenue by segment:
按细分市场划分的收入：
TV Media: $5.23 billion, +1% year-over-year
电视媒体：52.3亿美元，同比增长1％
DTC: $1.88 billion, +24% year-over-year
DTC：18.8亿美元，同比增长24％
Filmed Entertainment $601 million, +3% year-over-year
电影娱乐6.01亿美元，同比增长3％
The company's DTC segment saw revenue of streaming platform Paramount+ up 51% year-over-year. Paramount+ added 3.7 million net paid subscribers in the quarter to hit a global total of 71 million paid subscribers.
该公司的DTC板块的流媒体平台派拉蒙+的收入同比增长了51％。派拉蒙+在本季度增加了370万净付费用户，全球付费用户总数达到7100万。
Advertising revenue for the DTC segment was up 31% year-over-year. The average revenue per user for Paramount+ was up 26% year-over-year.
DTC板块的广告收入同比增长31％。派拉蒙+的每位用户平均收入同比增长26％。
The company's TV segment was boosted by Super Bowl LVIII in the quarter, which helped boost advertising revenue by 14% year-over-year. The company said the Super Bowl contributed a 23-point benefit to advertising.
该公司的电视板块在本季度受到第五十八届超级碗的推动，这使广告收入同比增长了14％。该公司表示，超级碗为广告带来了23点的好处。
Total advertising revenue across segments was up 17% year-over-year.
各细分市场的总广告收入同比增长了17％。
"The team delivered another quarter of strong operational and financial performance – including significant growth in total company earnings and free cash flow – despite the dynamic environment we continue to operate in," Paramount Chief Financial Officer Naveen Chopra said.
派拉蒙首席财务官纳文·乔普拉说：“尽管我们继续在动态环境中运营，但该团队还是实现了又一个季度的强劲运营和财务业绩，包括公司总收益和自由现金流的显著增长。”
Chopra said Paramount+ saw record engagement and revenue in the quarter.
乔普拉说，派拉蒙+在本季度的参与度和收入均创历史新高。