Paramount Global Class B (PARA)

• Market cap: $7.94B
• 1 day: -0.25%
• 5 days: -0.34%
• 1 month: 8.47%
• 3 months: 4.16%
• 6 months: 8.67%
• Year to date: 11.34%
• 1 year: -6.21%
• 5 years: -31.91%
• 10 years: -80.35%
• Sector: Communication Services
• Industry: Entertainment

About: Paramount Global operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes the Paramount+, Pluto TV, and BET+ streaming services. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.

Employees: 18,600

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1.58% more ownership

Funds ownership: 75.4% [Q3] → 76.98% (+1.58%) [Q4]

8% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 91

1% more capital invested

Capital invested by funds: $5.01B [Q3] → $5.05B (+$34.7M) [Q4]

2% less funds holding

Funds holding: 647 [Q3] → 636 (-11) [Q4]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q3] → 8 (-1) [Q4]

40% less repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 275

46% less call options, than puts

Call options by funds: $173M | Put options by funds: $317M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 15% downside
• Avg. target: $12.50 6% upside
• High target: $16 36% upside

4 analyst ratings

• positive: 2 50%
• neutral: 0 0%
• negative: 2 50%

Morgan Stanley Benjamin Swinburne 75% 1-year accuracy 15 / 20 met price target	15% downside $10	Underweight Maintained	6 May 2025
Benchmark Daniel Kurnos 73% 1-year accuracy 67 / 92 met price target	36% upside $16	Buy Maintained	6 May 2025
UBS John Hodulik 70% 1-year accuracy 16 / 23 met price target	15% downside $10	Sell Maintained	15 Apr 2025
Guggenheim Michael Morris 57% 1-year accuracy 21 / 37 met price target	19% upside $14	Buy Reiterated	27 Feb 2025