Paramount's Streaming Profit Surges, Revenue Misses
This is a news story, published by Yahoo Finance, that relates primarily to linear TV news.
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streaming profitsYahoo Finance
•Paramount earnings show another quarter of streaming profits but linear TV, studio struggles pressure revenue
85% Informative
Paramount Global reported third quarter earnings before the bell on Friday .
Results show another quarter of streaming profits but linear TV , studio struggles pressure revenue.
Revenue missed expectations as the media giant saw continued declines from its linear TV business and drops in its studios segment.
Shares moved more than 1% higher in premarket trading immediately following the results.
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