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.
$派拉蒙環球-B (PARA.US)$ 公佈的季度調整後每股收益爲0.62美元，比分析師普遍預期的0.36美元高出72.22％。該公司在報告中表示，首席執行官鮑勃·巴基什將辭職。
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，喬治·奇克斯（哥倫比亞廣播公司首席執行官）、克里斯·麥卡錫（Showtime/MTV娛樂工作室和派拉蒙媒體網絡首席執行官）和布萊恩·羅賓斯（派拉蒙影業和Nickelodeon首席執行官）將從現在起領導該公司。
"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.
“派拉蒙環球擁有卓越的資產，我們堅信公司未來的價值創造潛力。我對喬治、克里斯和布萊恩充滿信心。他們有能力制定和執行新的戰略計劃，並作爲真正的合作伙伴共同努力。” 派拉蒙主席莎莉·雷德斯通說。
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.
派拉蒙環球週一公佈的第一季度收入爲76.85億美元，同比增長6％。根據Benzinga Pro的數據，總收入未達到華爾街共識估計的77.32億美元。
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.
該公司公佈的每股收益爲62美分，超過了華爾街估計的36美分。派拉蒙公佈第一季度財務業績之際，該公司仍在繼續與戴維·埃裏森的Skydance Media進行合併談判。
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必須在5月3日之前繼續就合併進行獨家談判。在此之後，該期限可能會延長，或者派拉蒙可能會向其他利益相關方尋求幫助。
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.
週一，埃裏森和持有派拉蒙控股權的莎莉·雷德斯通家族向派拉蒙股東提出了新的讓步，派拉蒙的股價在盈利之前上漲。
Revenue by segment:
按細分市場劃分的收入：
TV Media: $5.23 billion, +1% year-over-year
電視媒體：52.3億美元，同比增長1％
DTC: $1.88 billion, +24% year-over-year
DTC：18.8億美元，同比增長24％
Filmed Entertainment $601 million, +3% year-over-year
電影娛樂6.01億美元，同比增長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.
該公司的DTC板塊的流媒體平台派拉蒙+的收入同比增長了51％。派拉蒙+在本季度增加了370萬淨付費用戶，全球付費用戶總數達到7100萬。
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板塊的廣告收入同比增長31％。派拉蒙+的每位用戶平均收入同比增長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.
該公司的電視板塊在本季度受到第五十八屆超級碗的推動，這使廣告收入同比增長了14％。該公司表示，超級碗爲廣告帶來了23點的好處。
Total advertising revenue across segments was up 17% year-over-year.
各細分市場的總廣告收入同比增長了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.
派拉蒙首席財務官納文·喬普拉說：“儘管我們繼續在動態環境中運營，但該團隊還是實現了又一個季度的強勁運營和財務業績，包括公司總收益和自由現金流的顯著增長。”
Chopra said Paramount+ saw record engagement and revenue in the quarter.
喬普拉說，派拉蒙+在本季度的參與度和收入均創歷史新高。