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Dipanjan Banchur

What to Expect From Paramount Global's Q2 2024 Earnings Report

Para Paramount Paramount Global

Based in New York, Paramount Global (PARA) operates as a global media, streaming, and entertainment company that creates premium content and experiences for audiences worldwide. Valued at $7.82 billion by market cap, the company’s portfolio of consumer brands includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV. The leading media and entertainment company is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Thursday, Aug. 8.

Ahead of the event, analysts expect PARA to report a profit of $0.13 per share on a diluted basis, up 30% from $0.10 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.

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