Paramount Global (PARAA) Bundle
A Brief History of Paramount Global (PARAA)
Company Overview
Paramount Global, trading under ticker PARAA, was formed through the merger of ViacomCBS in 2022. The company reported annual revenue of $28.62 billion in 2023.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $28.62 billion |
| Net Income | $1.49 billion |
| Operating Cash Flow | $2.86 billion |
| Market Capitalization | $13.7 billion |
Key Business Segments
- Paramount Entertainment
- Paramount+ Streaming Service
- Paramount Television Studios
- CBS Network
Media Properties
Paramount Global owns multiple media brands including:
- MTV
- Nickelodeon
- Comedy Central
- BET
- Showtime
Streaming Performance
Paramount+ reported 60 million subscribers globally in 2023, with a subscription revenue of $3.3 billion.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (February 2024) | $22.45 |
| 52-Week High | $29.81 |
| 52-Week Low | $15.52 |
A Who Owns Paramount Global (PARAA)
Ownership Breakdown
| Shareholder | Percentage Ownership |
|---|---|
| National Amusements (Redstone Family) | 10.3% |
| Vanguard Group Inc. | 8.7% |
| BlackRock Inc. | 7.2% |
| State Street Corporation | 5.6% |
Major Institutional Shareholders
- Vanguard Group Inc. holds 103,124,526 shares
- BlackRock Inc. owns 85,360,402 shares
- State Street Corporation controls 66,534,289 shares
- Fidelity Management & Research owns 42,876,123 shares
Insider Ownership
Shari Redstone controls 10.3% of Paramount Global through National Amusements, maintaining significant influence over the company's strategic decisions.
Public Float
Approximately 89.7% of Paramount Global shares are publicly traded as of 2024.
Paramount Global (PARAA) Mission Statement
Corporate Overview
Paramount Global, headquartered in New York City, operates with a market capitalization of $21.5 billion as of January 2024. The company trades under ticker symbols PARAA and PARA.
Mission Statement Components
| Core Business Segments | Media Production, Entertainment Distribution, Streaming Services |
| Annual Revenue (2023) | $28.6 billion |
| Global Content Brands | CBS, Paramount+, Nickelodeon, MTV, Comedy Central |
Strategic Priorities
- Expand digital streaming platform reach
- Develop original content across multiple genres
- Maximize international market penetration
Financial Performance Metrics
| Net Income (2023) | $1.8 billion |
| Streaming Subscribers (Paramount+) | 46 million global subscribers |
| Content Investment | $6.3 billion in original programming |
Key Operational Focus
Content Creation and Distribution across multiple platforms, emphasizing digital transformation and global audience engagement.
How Paramount Global (PARAA) Works
Corporate Structure
Paramount Global is a media and entertainment conglomerate headquartered in New York City. As of 2024, the company has a market capitalization of approximately $12.5 billion.
| Business Segment | Revenue (2023) |
|---|---|
| Media Networks | $9.2 billion |
| Entertainment | $7.6 billion |
| Paramount+ Streaming | $3.3 billion |
Key Business Divisions
- Paramount Pictures
- CBS Broadcasting
- Paramount+ Streaming Service
- Nickelodeon
- MTV Entertainment Studios
Financial Performance
In 2023, Paramount Global reported total revenue of $28.6 billion with an operating income of $4.1 billion.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $28.6 billion |
| Operating Income | $4.1 billion |
| Net Income | $2.3 billion |
Streaming Platform
Paramount+ had 60.2 million subscribers globally as of Q4 2023.
Content Production
- Produced 50+ film titles in 2023
- Created 300+ television series
- Released content across multiple platforms
Global Presence
Operates in 45 countries with significant market presence in North America, Europe, and parts of Asia.
How Paramount Global (PARAA) Makes Money
Revenue Streams
Paramount Global generates revenue through multiple business segments:
| Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Media Networks | $10.4 billion | 37.5% |
| Entertainment | $8.9 billion | 32% |
| Paramount+ Streaming | $3.3 billion | 12% |
| Paramount Consumer Products | $1.5 billion | 5.4% |
Media Networks Revenue
Includes advertising and affiliate fees from networks like:
- CBS
- MTV
- Nickelodeon
- Comedy Central
- BET
Entertainment Segment
Revenue sources include:
- Theatrical film releases
- Home entertainment sales
- Content licensing
| Film Category | 2023 Box Office Revenue |
|---|---|
| Paramount Pictures | $1.7 billion |
Streaming Platform
Paramount+ subscription details:
- Total subscribers: 61.3 million
- Monthly subscription rate: $9.99
- Annual recurring revenue: $2.9 billion
Advertising Revenue
| Advertising Category | 2023 Revenue |
|---|---|
| Linear TV Advertising | $6.2 billion |
| Digital Advertising | $1.8 billion |
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