By Angela Palumbo
Paramount Global reported first-quarter earnings and revenue on Thursday that beat Wall Street estimates.
The media and entertainment company posted adjusted earnings of 29 cents a share on revenue of $7.19 billion. Analysts surveyed by FactSet expected the company to report earnings of 25 cents a share on revenue of $7.09 billion.
Earnings dropped from last year's 62 cents a share, while revenue declined 6% from the $7.69 billion.
Shares of Paramount were up trading basically flat in after-hours trading following the results.
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Write to Angela Palumbo at angela.palumbo@dowjones.com
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May 08, 2025 16:16 ET (20:16 GMT)
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