Paramount Global reported its third-quarter earnings, missing quarterly revenue estimates. The shortfall was primarily attributed to a lack of major hits at the box office and continued declines in its cable television business.
Despite the overall revenue miss, the company's streaming service experienced better-than-expected subscriber growth. This growth followed the return of NFL content, which helped to boost engagement on the platform.
The results highlight the ongoing challenges in traditional media segments while also pointing to the potential of the streaming business. Investors will be closely watching how the company balances these shifting dynamics in future quarters.
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