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HomeMarketParamount misses revenue estimates on ad weakness By Reuters

Paramount misses revenue estimates on ad weakness By Reuters

© Reuters. Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/Files
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(Reuters) – Paramount Global fell short of analysts’ estimates for quarterly revenue on Wednesday, as the media and entertainment company struggled with the absence of major content releases and an extended weakness in ad sales.

Total revenue rose 5% to $6.92 billion in the third quarter ended Sept. 30. Analysts on average had expected $7.01 billion, according to Refinitiv data.

Story Credit: investing.com

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