Paramount Global reported its fourth-quarter earnings, falling short of Wall Street's revenue expectations. The miss was primarily driven by a continued decline in its cable TV unit.
Despite the challenges in its linear business, the company's Paramount+ streaming platform recorded higher-than-expected subscriber growth. This indicates a mixed performance across its diversified media portfolio.
The results underscore the ongoing shift in consumer behavior from traditional cable to streaming services. Paramount Global continues to navigate this transition, with its streaming segment showing resilience amidst broader industry headwinds.
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