Posted 2/27/2024, 10:31:58 PM
Paramount Stock Slumps 50% as Investors Eye Streaming Growth Amid Ad, Licensing Struggles
- Shares of Paramount Global are down 50% in the last year as its businesses struggle to compete
- Investors are focused on improvements in the streaming business and streaming losses for Q4
- Paramount Plus expected to add 3.8 million net subscriber additions, currently at 63 million
- Linear ad revenue and licensing revenue expected to slump, but free cash flow should be strong
- Updates on potential M&A very closely watched after bids from Byron Allen and interest from others