Paramount: stock leaps while Q2 adjusted EPS falls
(CercleFinance.com) - Paramount has reported Q2 2022 revenues of 7.
7 billion dollars, up 19% y-o-y.
In Q2, the group said that it took market share in streaming and broadcast TV and increased its penetration of the largest growth market in streaming media.
However, operating income before depreciation and amortisation fell by 22% to 963 million dollars, with adjusted EPS down 34% to 0.64 dollar.
Irrespective, everyone seems to be rushing out for their new releases, with the share soaring almost 20% in early trading today.
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