Paramount Global Hits Bumps In Q3, With Pay-TV Declines Offsetting Streaming Progress; Stock Drops In Pre-Market Trading –

Shares of Paramount Global fell in premarket trading after the media company reported third-quarter financial results that fell short of Wall Street expectations. While streaming service Paramount+ reached 46 million subscribers, up 4.6 million from the previous quarter, the broader picture was less encouraging. Total revenue rose 5% to $6.9 billion, while earnings per share … Read more