On August 4, 2022, Paramount reported Q2 revenue of $7.8 billion (an increase of 19% year-over-year on a reported basis) on GAAP Diluted Earnings per Share (EPS) of $0.53.
Summary: Paramount’s Q2 2022 revenue grew 19% on a reported basis compared to the same period in 2021. Paramount had three divisions: TV Media, Direct-to-Consumer (DTC), and Filmed Entertainment.
The company reported a GAAP operating margin of 11% during Q2 2022, a year-over-year decrease of 800 bps. On the bottom line, the company reported a GAAP Diluted EPS of $0.53, and Non-GAAP earnings came to $0.64 per share.
Guidance: No guidance is provided for Q3 2022 and full-year 2022.
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