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Paramount Global revenue misses estimates as traditional pay TV continues decline

By CNBC   |   4 months ago
Paramount Global revenue misses estimates as traditional pay TV continues decline

Paramount Global's revenue dropped in the second quarter, missing analyst estimates, but earnings surged due to streaming profits. Paramount+ saw growth in subscribers and higher prices. The company aims for U.S. profitability for Paramount+ by 2025, with plans to cut costs and raise prices.

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