---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-122356"
form_type: "8-K"
ticker: null
cik: "0000813828"
company_name: "Paramount Global"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T06:01:13.115692+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paramount Q1 revenue $7.7B (+6%); DTC losses narrow; Paramount+ subs exceed 71M

## Summary
- Total revenue $7,685M (+6% YoY); GAAP diluted EPS from continuing ops $(0.88) vs $(1.81).
- Adjusted OIBDA $987M (+80%); adjusted diluted EPS $0.62 vs $0.09.
- DTC revenue $1,879M (+24%); Paramount+ revenue +51% with 71M+ subs; DTC Adjusted OIBDA $(286)M vs $(511)M.
- TV Media revenue $5,231M (+1%); advertising up 14% led by Super Bowl LVIII; Adjusted OIBDA $1,445M (+11%).
- Generated $260M net operating cash flow and $209M free cash flow in Q1.

## SEC filing metadata
- accession: 0001193125-24-122356
- form_type: 8-K
- cik: 0000813828
- company_name: Paramount Global
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813828/000119312524122356/0001193125-24-122356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813828/000119312524122356/d788256d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-122356
- JSON: https://secwatch.observer/filing/0001193125-24-122356.json
- Plain text: https://secwatch.observer/filing/0001193125-24-122356.txt

## Key facts
- Earnings Releases
  Paramount Global reported financial results for the first quarter ended March 31, 2024.
  - Period: the first quarter ended March 31, 2024
  - Result: reported results
  source text: On April 29, 2024, Paramount Global issued a press release announcing earnings for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/813828/000119312524122356/0001193125-24-122356-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.