secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Global (—)
CIK:        0000813828
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-122356
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813828/000119312524122356/0001193125-24-122356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813828/000119312524122356/d788256d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-122356

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer