Paramount Global revenue misses estimates as traditional pay TV continues decline

By CNBC | Aug 8, 2024 at 04:07 PM EST

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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