Paramount's latest earnings update shows better results than its previous quarter, with Wall Street analysts giving positive reviews and even raising their stock price targets. The Hollywood firm narrowed its quarterly adjusted operating loss in streaming to $424 million and saw a slight increase in Paramount+ subscribers to 61 million.
better reviews than its first-quarter update, with several analysts even slightly raising their stock price targets.
After all, in its earnings update unveiled after the market close on August 7, the firm narrowed its quarterly adjusted operating loss before depreciation and amortization in streaming to $424 million while slightly growing Paramount+ subscribers to
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