Paramount Global (NASDAQ: $PARA) Declines 2%+ On Tuesday After Q124 Earning's Miss

Paramount Global (NASDAQ: $PARA), formerly known as ViacomCBS, is an American multinational mass media group and multi-industry entertainment company headquartered in Midtown Manhattan, NY. Its portfolio includes iconic brands such as CBS, several television networks, Paramount Pictures, and the streaming service Paramount. With roots tracing back to the inception of National Amusements in Massachusetts, the company has evolved into a formidable force in the entertainment industry.

On Monday, April 29, 2024, Paramount Global reported its financial results for the first quarter of fiscal 2024 to a tepid market reception.

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