Mission Statement, Vision, & Core Values of Paramount Global (PARA)

Have you ever wondered what drives a global media giant like Paramount Global (PARA)? With a market capitalization of $7.28 billion as of April 15, 2025, and $29.21 billion in revenue for 2024, the company's mission, vision, and core values play a crucial role in shaping its strategic direction. But how do these guiding principles translate into the company's operations and its position in the entertainment industry?

Understanding these foundational elements can provide valuable insights into Paramount Global's goals and how it navigates the ever-evolving media landscape. So, what exactly are the mission statement, vision, and core values that steer this media powerhouse, especially considering its $-6.19 billion net income in 2024?

Paramount Global (PARA) An Overview of

Paramount Global, a leading global media and entertainment company, traces its origins back to 1914 with the founding of Paramount Pictures. Over the decades, it has grown through strategic acquisitions and expansions, now encompassing a diverse portfolio of assets across film, television, and streaming. The company's offerings include iconic film franchises, television networks such as CBS, MTV, Nickelodeon, and Comedy Central, and streaming services like Paramount+ and Pluto TV. As of April 2025, Paramount Global continues to be a major player in the entertainment industry, delivering content to audiences worldwide.

In the fiscal year 2024, Paramount Global's financial performance showcased both its strengths and the challenges it faces in a rapidly evolving media landscape. While specific figures may fluctuate with ongoing financial reports, the company has reported significant revenue from its streaming services and theatrical releases. For example, Paramount+ has seen substantial subscriber growth, contributing to increased direct-to-consumer revenue. The success of major film releases also plays a crucial role in the company's overall financial health. However, traditional television revenue faces pressure from cord-cutting trends, impacting advertising and affiliate fees. Keeping an eye on Paramount Global's financial health is important, more information can be found here: Breaking Down Paramount Global (PARA) Financial Health: Key Insights for Investors

Paramount Global stands as one of the leading media companies in the world, with a rich history of creating and distributing compelling content. Its success can be attributed to several factors:

• Diverse Portfolio: A wide range of assets across film, television, and streaming allows Paramount Global to cater to diverse audience preferences and generate revenue from multiple sources.
• Iconic Brands: The company owns some of the most recognizable and beloved brands in the entertainment industry, providing a strong foundation for attracting and retaining viewers.
• Strategic Investments in Streaming: Paramount Global has made significant investments in its streaming services, positioning itself to capitalize on the growing demand for on-demand content.
• Global Reach: The company's content is distributed worldwide, enabling it to tap into international markets and expand its revenue streams.

To understand more about why Paramount Global is a successful leader, continue reading to explore its mission, vision, and core values.

Paramount Global (PARA) Mission Statement

Paramount Global's mission is to create and deliver high-quality entertainment that connects with audiences around the world. The company aims to produce films, television shows, and digital content that engage viewers across all platforms, including traditional broadcasting, cable, and streaming services.

This mission focuses on several key components:

• Content Creation: Paramount Global aims to produce films, television shows, and digital content.
• Distribution: The company delivers content across various platforms, including traditional broadcasting, cable, and streaming services like Paramount+ and Pluto TV.
• Audience Engagement: Paramount Global strives to create content that resonates with global audiences, reflecting diverse perspectives and fostering inclusivity.

Paramount Global leverages its extensive media portfolio and embraces new technologies to shape the future of entertainment while maintaining its legacy of excellence in storytelling. The company focuses on innovation, creativity, and inclusivity, ensuring its content reflects diverse perspectives and resonates with global audiences.

In line with its mission, Paramount Global has set strategic objectives, including:

• Generating $14.5 billion in total revenue for 2024.
• Expanding its streaming subscriber base to 77.5 million.
• Maintaining a 25% market share in entertainment content production.

In Q3 2024, Paramount Global reported significant advancements in its strategic goals, particularly within its direct-to-consumer segment, which saw a notable improvement in adjusted OIBDA by $287 million year-over-year. Paramount+ contributed significantly to these results with a 25% increase in revenue and global ARPU expansion of 11% year-over-year.

In Q4 2024, Paramount+ subscribers reached 77.5 million, with 5.6 million net additions in the quarter. Paramount+ domestic watch time per user reached a record high and increased 22% year-over-year.

Paramount Global's vision is to be a leading global entertainment company that inspires and connects people through exceptional content. The company aims to build a future where its films, television shows, and digital platforms reach audiences everywhere, offering entertainment that is accessible, inclusive, and meaningful.

The company is also focusing on cost efficiencies, streamlining operations to achieve $500 million in annual run rate savings.

The company's main priority for 2024 was driving earnings growth by focusing its resources on the most powerful, resonant franchises, films, and series that perform across platforms globally. Paramount is maximizing its global hits across multiple platforms and revenue streams – including streaming, film, TV, and licensing – for the biggest return on investment.

Paramount Global emphasizes technological integration and digital platform optimization. Paramount Global aims to maintain leadership in global entertainment content production and distribution across multiple platforms and focuses on developing innovative content across diverse genres.

Paramount Global's core values, known as R.I.C.E., stand for Respect, Integrity, Communication, and Excellence. These values are integral to the company's culture.

Living Our Values: The Foundation of Paramount's Culture:

• Respect: Paramount prioritizes kindness, empathy, and understanding, creating a culture where every individual feels valued.
• Integrity: The company builds trust through accountability and honesty, acting with transparency to ensure colleagues and customers can rely on them.
• Communication: Paramount encourages open dialogue and the sharing of ideas, cultivating a culture of teamwork and proactive problem-solving.
• Excellence: The company relentlessly pursues growth and innovation, embracing challenges and finding resourceful solutions.

Paramount Global has been recognized for its excellence in both the entertainment industry and workplace environment. In 2024, the company was named one of the Best Places to Work in Los Angeles and awarded a Silver Medal by Ecovadis for its sustainability efforts.

Paramount Global reported strong first-quarter results for 2024, highlighting a 6% increase in total company revenue to $7.7 billion and an 80% surge in adjusted OIBDA to $987 million. The company's direct-to-consumer (D2C) segment showed impressive performance with a 24% year-over-year revenue increase, driven by a significant 51% growth in Paramount+ revenue.

In 2024, Paramount Global entered into merger talks with Skydance Media. By July 2024, an agreement was reached for Skydance to acquire National Amusements and merge with Paramount, creating what is now referred to as 'New Paramount'. The merger is expected to be finalized in the first half of 2025.

To gain more insights into Paramount Global's investors and their motivations, check out: Exploring Paramount Global (PARA) Investor Profile: Who’s Buying and Why?

Paramount Global (PARA) Vision Statement of

Paramount Global's vision reflects its ambition in the media and entertainment landscape. Understanding this vision requires examining its mission statement and core values, which together guide the company's strategic direction and operational practices. As of April 2025, Paramount Global aims to deliver content and experiences to audiences worldwide, while creating value for shareholders.

Mission Statement

While a specific, publicly declared mission statement for Paramount Global is not readily available, it is possible to infer their core mission from the company's actions, statements, and overall strategy. Paramount Global seems committed to:

• Creating and distributing premium content across various platforms.
• Engaging audiences globally through diverse storytelling.
• Driving innovation in media and entertainment.
• Building strong, recognizable brands.

This inferred mission aligns with their business activities, which include producing and distributing films, television shows, and digital content. Paramount's commitment to innovation is evident in its expansion into streaming services and digital platforms. The company's focus on recognizable brands is reflected in its portfolio, which includes well-known names like CBS, MTV, Nickelodeon, and Paramount Pictures.

Core Values

Like the mission statement, Paramount Global does not have a formal, published list of core values. However, their core values can be deduced from their public statements, company culture, and business practices. Based on available information, Paramount Global appears to prioritize:

• Creativity and Innovation: Encouraging new ideas and approaches to content creation and distribution.
• Integrity: Maintaining ethical standards in all business dealings.
• Collaboration: Fostering teamwork and partnerships to achieve common goals.
• Diversity and Inclusion: Promoting a diverse and inclusive workplace and content that reflects a global audience.
• Excellence: Striving for high-quality content and superior performance in all aspects of the business.

These inferred values are reflected in Paramount Global's emphasis on producing original content, its commitment to ethical business practices, and its efforts to promote diversity and inclusion both internally and in its programming. The company's focus on excellence is evident in its consistent pursuit of high-quality productions and its drive to maintain a competitive edge in the media and entertainment industry.

Financial Context

Paramount Global faces notable financial challenges and opportunities that influence its strategic vision. Recent data indicates:

• Revenue: Paramount Global reported revenue of $30.15 billion for the fiscal year 2024.
• Net Loss: The company experienced a net loss of $1.6 billion.
• Debt: Paramount Global's long-term debt stands at approximately $14.6 billion.
• Market Capitalization: As of April 2025, Paramount Global has a market capitalization of around $8.95 billion.

These figures highlight the financial pressures Paramount Global faces, including managing debt and achieving profitability in a rapidly evolving media landscape. Strategic decisions, such as investments in streaming services and content creation, are made with these financial realities in mind. The company's vision must balance growth ambitions with financial sustainability.

To gain more insights into Paramount Global's financial standing, see: Breaking Down Paramount Global (PARA) Financial Health: Key Insights for Investors.

Paramount Global (PARA) Core Values of

While specific, officially published core values for Paramount Global are not readily available as of April 2025, we can infer key values from their actions, initiatives, and public statements. These inferred values reflect a commitment to creativity, diversity, innovation, and social responsibility.

Creativity and Storytelling:

Paramount Global, rooted in a rich history of film and television production, emphasizes the importance of creativity and storytelling. This commitment is evident in their diverse portfolio of content, spanning from blockbuster movies to critically acclaimed television series. Their dedication is reflected in the $16.4 billion spent on programming in 2024. Paramount Global (PARA): History, Ownership, Mission, How It Works & Makes Money

Examples of their commitment to creativity and storytelling include:

• Producing and distributing a wide range of films through Paramount Pictures, including franchises like Mission: Impossible and Transformers.
• Creating original television series for platforms like Paramount+ and CBS, showcasing diverse voices and narratives.
• Investing in emerging talent and technologies to push the boundaries of storytelling.

Diversity and Inclusion:

Paramount Global has demonstrated a commitment to diversity and inclusion through various initiatives aimed at representing diverse voices both on and off screen. This commitment extends to their workforce, content, and community engagement efforts.

Examples of their commitment to diversity and inclusion include:

• Implementing diversity and inclusion programs within the company to promote a more equitable workplace.
• Creating content that reflects the diversity of their audience, featuring characters and stories from various backgrounds.
• Partnering with organizations that support diversity and inclusion in the entertainment industry.

Innovation and Technology:

In a rapidly evolving media landscape, Paramount Global recognizes the importance of innovation and technology. They are actively investing in new technologies and platforms to deliver content to audiences in innovative ways.

Examples of their commitment to innovation and technology include:

• Developing and expanding their streaming platform, Paramount+, to compete in the direct-to-consumer market. In 2024, Paramount+ had approximately 71 million subscribers.
• Investing in virtual reality and augmented reality technologies to create immersive experiences for their audience.
• Exploring new distribution models to reach audiences on various devices and platforms.

Social Responsibility:

Paramount Global acknowledges its responsibility to contribute positively to society. They are involved in various philanthropic and social initiatives that address important issues and support communities around the world.

Examples of their commitment to social responsibility include:

• Supporting various charitable organizations through donations and partnerships.
• Promoting environmental sustainability through responsible production practices.
• Using their platform to raise awareness about important social issues.

Paramount Global's inferred core values reflect a commitment to creativity, diversity, innovation, and social responsibility. These values guide their business decisions and shape their interactions with stakeholders, contributing to their position as a leading media and entertainment company.