Financials Paramount Global

Equities

PARA

US92556H2067

Broadcasting

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-14 pm EDT			5-day change	1st Jan Change
13.00 ^USD	+1.96%		+3.75%	+24.28%

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Projected Income Statement: Paramount Global

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	25,285	28,586	30,154	29,652	29,213	28,473	28,688	28,979
Change	-	13.06%	5.49%	-1.66%	-1.48%	-2.53%	0.75%	1.01%
EBITDA ¹	5,132	4,444	3,276	2,390	3,118	2,791	2,927	2,870
Change	-	-13.41%	-26.28%	-27.05%	30.46%	-10.49%	4.87%	-1.95%
EBIT ¹	4,702	4,054	2,871	1,972	-5,269	2,337	2,588	2,520
Change	-	-13.78%	-29.18%	-31.31%	-367.19%	144.35%	10.77%	-2.63%
Interest Paid ¹	-1,031	-986	-	-920	-860	-867.3	-857.2	-809.9
Earnings before Tax (EBT) ¹	3,147	5,206	1,266	-1,253	-6,177	1,442	1,822	1,817
Change	-	65.43%	-75.68%	-198.97%	-392.98%	123.34%	26.39%	-0.31%
Net income ¹	2,422	4,543	1,104	-608	-6,190	704.3	961.5	1,004
Change	-	87.57%	-75.7%	-155.07%	-918.09%	111.38%	36.51%	4.42%
Announcement Date	2/24/21	2/15/22	2/16/23	2/28/24	2/26/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	6,275	6,116	6,874	7,412	6,564	6,610	8,000	7,328	7,779	6,916	8,131	7,265	7,616	7,133	7,638	7,685	6,813	6,731	7,984	7,192	6,884	6,748	7,675	7,345	6,957	6,878	7,878	6,986
Change	-	-2.53%	12.39%	7.83%	-11.44%	0.7%	21.03%	-8.4%	6.15%	-11.09%	17.57%	-10.65%	4.83%	-6.34%	7.08%	0.62%	-11.35%	-1.2%	18.62%	-9.92%	-4.28%	-1.97%	13.74%	-4.3%	-5.28%	-1.13%	14.54%	-11.33%
EBITDA ¹	1,689	1,109	1,183	1,627	1,240	1,020	557	913	963	786	614	548	606	716	520	987	867	858	406	688	749.1	804.4	558.7	707.8	791.8	815.5	636.8	652
Change	-	-34.34%	6.67%	37.53%	-23.79%	-17.74%	-45.39%	63.91%	5.48%	-18.38%	-21.88%	-10.75%	10.58%	18.15%	-27.37%	89.81%	-12.16%	-1.04%	-52.68%	69.46%	8.88%	7.39%	-30.55%	26.7%	11.85%	3%	-21.9%	2.38%
EBIT ¹	1,565	1,011	1,084	1,528	1,145	925	456	817	869	694	491	448	501	611	412	-417	678	337	129	550	627.3	691.6	437.7	624.1	708	778	505	562
Change	-	-35.4%	7.22%	40.96%	-25.07%	-19.21%	-50.7%	79.17%	6.36%	-20.14%	-29.25%	-8.76%	11.83%	21.96%	-32.57%	-201.21%	262.59%	-50.29%	-61.72%	326.36%	14.05%	10.25%	-36.7%	42.56%	13.45%	9.89%	-35.09%	11.29%
Charge d'intérêts ¹	-263	-259	-268	-246	-243	-243	-241	-240	-230	-231	-	-226	-240	-232	-222	-221	-215	-209	-215	-217	-219.2	-214.1	-215.6	-194	-192	-192	-192	-190
Earnings before Tax (EBT) ¹	937	671	983	1,155	1,018	616	2,417	470	519	323	-46	-1,463	-349	376	183	-635	-5,547	120	-115	334	395.4	474.3	245.8	456.1	488.5	526.5	423	390
Change	-	-28.39%	46.5%	17.5%	-11.86%	-39.49%	292.37%	-80.55%	10.43%	-37.76%	-114.24%	-3,080.43%	76.14%	207.74%	-51.33%	-446.99%	-773.54%	102.16%	-195.83%	390.43%	18.39%	19.94%	-48.17%	85.56%	7.1%	7.78%	-19.66%	-7.8%
Net income ¹	481	615	810	911	1,036	538	2,058	433	419	231	21	-1,118	-299	295	514	-554	-5,413	1	-224	152	202.5	279.2	80.55	227	289.5	322	244	203
Change	-	27.86%	31.71%	12.47%	13.72%	-48.07%	282.53%	-78.96%	-3.23%	-44.87%	-90.91%	-5,423.81%	73.26%	198.66%	74.24%	-207.78%	-877.08%	100.02%	-22,500%	167.86%	33.21%	37.92%	-71.16%	181.82%	27.53%	11.23%	-24.22%	-16.8%
Announcement Date	8/6/20	11/6/20	2/24/21	5/6/21	8/5/21	11/4/21	2/15/22	5/3/22	8/4/22	11/2/22	2/16/23	5/4/23	8/7/23	11/2/23	2/28/24	4/29/24	8/8/24	11/8/24	2/26/25	5/8/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Paramount Global

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	16,749	11,442	-	12,142	11,840	11,548	11,184	10,620
Change	-	-31.69%	-	-	-2.49%	-2.47%	-3.15%	-5.04%
Announcement Date	2/24/21	2/15/22	2/16/23	2/28/24	2/26/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Paramount Global

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	324	354	328	263	256.9	267	262.6
Change	-	9.26%	-	-19.82%	-2.34%	3.95%	-1.66%
Free Cash Flow (FCF) ¹	1,970	599	56	489	520.6	773.7	901.9
Change	-	-69.59%	-	773.21%	6.46%	48.62%	16.56%
Announcement Date	2/24/21	2/15/22	2/28/24	2/26/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Paramount Global

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	20.3%	15.55%	10.86%	8.06%	10.67%	9.8%	10.2%	9.9%
EBIT Margin (%)	18.6%	14.18%	9.52%	6.65%	-18.04%	8.21%	9.02%	8.7%
EBT Margin (%)	12.45%	18.21%	4.2%	-4.23%	-21.14%	5.06%	6.35%	6.27%
Net margin (%)	9.58%	15.89%	3.66%	-2.05%	-21.19%	2.47%	3.35%	3.46%
FCF margin (%)	7.79%	2.1%	-	0.19%	1.67%	1.83%	2.7%	3.11%
FCF / Net Income (%)	81.34%	13.19%	-	-9.21%	-7.9%	73.91%	80.47%	89.82%
Profitability
ROA	5.08%	4.12%	-	-1.09%	2.09%	2.51%	2.82%	2.9%
ROE	18.16%	12.14%	-	1.76%	5.36%	5.52%	6.18%	5.97%
Financial Health
Leverage (Debt/EBITDA)	3.26x	2.57x	-	5.08x	3.8x	4.14x	3.82x	3.7x
Debt / Free cash flow	8.5x	19.1x	-	216.82x	24.21x	22.18x	14.45x	11.78x
Capital Intensity
CAPEX / Current Assets (%)	1.28%	1.24%	-	1.11%	0.9%	0.9%	0.93%	0.91%
CAPEX / EBITDA (%)	6.31%	7.97%	-	13.72%	8.43%	9.2%	9.12%	9.15%
CAPEX / FCF (%)	16.45%	59.1%	-	585.71%	53.78%	49.34%	34.51%	29.11%
Items per share
Cash flow per share ¹	3.712	1.455	-	0.589	1.132	1.225	1.388	1.627
Change	-	-60.81%	-	-	92.28%	8.2%	13.3%	17.16%
Dividend per Share ¹	0.96	0.96	-	0.39	0.2	0.2	0.1999	0.1998
Change	-	0%	-	-	-48.72%	0%	-0.07%	-0.01%
Book Value Per Share ¹	24.91	34.95	-	34.52	24.58	25.23	26.95	28.19
Change	-	40.3%	-	-	-28.81%	2.65%	6.81%	4.59%
EPS ¹	3.92	6.94	1.61	-1.02	-9.34	1.067	1.448	1.45
Change	-	77.04%	-76.8%	-163.35%	-815.69%	111.42%	35.74%	0.13%
Nbr of stocks (in thousands)	617,246	647,414	649,174	651,406	666,975	674,158	674,158	674,158
Announcement Date	2/24/21	2/15/22	2/16/23	2/28/24	2/26/25	-	-	-