NASDAQ$PSKY

Paramount Skydance Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

ViacomCBS reported a 13% increase in total company revenue year-over-year, driven by growth across all revenue streams, and global streaming revenue surpassed $1 billion for the first time, with a 62% increase year-over-year.

ViacomCBS reported strong Q3 2021 results, with total company revenue increasing by 13% year-over-year. Global streaming revenue surpassed $1 billion for the first time, growing by 62% year-over-year. The company added 4.3 million global streaming subscribers, reaching nearly 47 million in the quarter.

  • Total Company Revenue Increased 13% Year-Over-Year, Reflecting Growth Across All Revenue Streams
  • Quarterly Global Streaming Revenue Surpassed $1 Billion for the First Time, with Growth of 62% Year-Over-Year, Driven by Strength in Subscriptions and Advertising
  • Added 4.3M Global Streaming Subscribers to Reach Nearly 47M in the Quarter, and Achieved 79% Year-Over- Year Growth in Streaming Subscription Revenue
  • Generated 48% Year-Over-Year Growth in Streaming Advertising Revenue, Largely Driven by Pluto TV, Which Grew Global Monthly Active Users (MAUs) to Over 54M and Revenue by 99% Year-Over-Year

Headline financials

Total Revenue

$6.61B

Previous: $6.12B+8.1%
EPS (adj)

$0.76

Previous: $0.91-16.5%
Adjusted OIBDA

$1.02B

Previous: $1.11B-8.0%
Paramount+ Subscribers

47.0M

Previous: 17.9M+162.6%
Capital Expenditures

$93M

Previous: $81M+14.8%
Free Cash Flow

-$232M

Previous: $1.33B-117.4%
Net Income

$551M

Previous: $612M-10.0%
Operating Income

$879M

Previous: $959M-8.3%
Gross Profit

$2.55B

Previous: $2.48B+2.6%
Cash & Equivalents

$4.82B

Previous: $3.09B+56.3%
Total Assets

$55.9B

Previous: $51.4B+8.7%
Stock-Based Comp

$53M

Previous: $45M+17.8%

Revenue & EPS history

Paramount · Revenue · Quarterly

$6.61B

Q3 2021+8.1%vs Q3 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Paramount · $4.58B total across 3 segments · Q3 2021

  • TV Media
    $2.92B+24.2%
  • Direct-to-Consumer
    $1.08B+69.7%
  • Filmed Entertainment
    $580M-1.7%

Forward guidance

No forward guidance provided in the document.

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 2021

Historical avgQ3 2021

-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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Q4 2008
Q2 2008

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