Paramount Global (PARA, PARAA) reported Q1 adjusted earnings late Thursday of $0.29 per diluted share, down from $0.62 a year earlier.
Analysts polled by FactSet expected $0.25.
Revenue for the quarter ended March 31 was $7.19 billion, down from $7.69 billion a year earlier.
Analysts polled by FactSet expected $7.09 billion.