NASDAQ$PSKY

Paramount Skydance Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

ViacomCBS reported strong growth in streaming and digital video revenue and domestic streaming subscribers increased.

ViacomCBS reported Q3 2020 earnings with strong growth in streaming, domestic subscribers rising to 17.9M, up 72% year-over-year, and Pluto TV domestic MAUs increasing to 28.4M, up 57% year-over-year.

  • Domestic Subscribers Rising to 17.9M, up 72% Year-Over-Year
  • Pluto TV Domestic MAUs Increasing to 28.4M, up 57% Year-Over-Year
  • Subscription Streaming Revenue and Digital Accelerated Video Revenue to 78% to and $636M
  • Affiliate Revenue, up 10% Year-Over-Year

Headline financials

Total Revenue

$6.12B

Previous: $6.48B-5.6%
EPS (adj)

$0.91

Previous: $1.02-10.8%
Adjusted OIBDA

$1.11B

No prior period
Paramount+ Subscribers

17.9M

No prior period
Capital Expenditures

$81M

Previous: $34M+138.2%
Free Cash Flow

$1.33B

Previous: -$7M+19142.9%
Net Income

$612M

Previous: $319M+91.8%
Operating Income

$959M

Previous: $501M+91.4%
Gross Profit

$2.48B

Previous: $1.22B+103.9%
Cash & Equivalents

$3.09B

Previous: $196M+1474.5%
Total Assets

$51.4B

Previous: $24.5B+110.1%
Stock-Based Comp

$45M

Previous: $65M-30.8%

Revenue & EPS history

Paramount · Revenue · Quarterly

$6.12B

Q3 2020-5.6%vs Q3 2019
Beat estimate in 5 of 7 quarters(71%)
ActualEstimate

Revenue by segment

Paramount · $3.58B total across 3 segments · Q3 2020

  • TV Media
    $2.35B
  • Direct-to-Consumer
    $636M
  • Filmed Entertainment
    $590M

Forward guidance

ViacomCBS is on track to debut Paramount+ in early 2021 as a differentiated offering spanning live sports, breaking news and a mountain of entertainment, including new and franchise-based originals.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.8%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-2.7%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+10.4%

Q3 2023

Best reaction

-28.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-0.1%-6.5%
Q4 2025+10.0%+22.5%-13.5%
Q3 2025-0.5%-2.4%+3.6%
Q2 2025-5.5%-11.7%+10.5%
Q1 2025+2.2%+1.1%+2.1%
Q4 2024+0.2%+2.3%+3.0%
Q3 2024-4.0%-3.2%-4.7%
Q2 2024-2.4%-1.6%-3.5%
Q1 2024+2.9%+8.2%-1.8%
Q4 2023-1.7%-8.4%+4.6%
Q3 2023+10.4%+18.9%+46.1%
Q2 2023+2.9%-2.3%-14.3%
Q1 2023-28.4%-27.8%-32.7%
Q4 2022-4.2%-6.6%-19.7%
Q3 2022-12.4%-14.6%+6.3%
Q2 2022+1.1%-1.4%-7.7%
Q1 2022-1.3%-7.8%+3.8%
Q4 2021+2.7%-19.0%+5.3%
Q3 2021-4.4%-5.5%-17.3%
Q2 2021+7.1%+5.1%+6.4%
Q1 2021-2.4%+1.0%+6.6%
Q4 2020+1.9%+4.3%-25.1%
Q3 2020-6.4%-3.5%+18.1%
Q2 2020+3.4%+2.0%+10.6%
Q1 2020+10.3%+22.6%+66.8%
Q4 2019-17.9%-28.9%-66.4%
Q2 2019-17.9%-28.9%-66.4%
Q3 2019-3.6%-1.6%-3.6%
Q1 2019-1.4%-5.2%-5.6%
Q4 2018+3.1%+4.3%-2.9%
Q2 2018+3.1%+4.3%-2.9%
Q3 2018+2.0%+0.8%-5.5%
Q1 2018+9.1%+5.5%+2.5%
Q4 2017+1.6%-0.5%-9.3%
Q2 2017+1.6%-0.5%-9.3%
Q3 2017+2.8%+2.4%+3.7%
Q1 2017+0.6%+0.2%-3.4%
Q2 2016+0.4%+2.6%+2.3%
Q4 2016+0.4%+2.6%+2.3%
Q3 2016+0.6%+4.7%+9.1%
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