Paramount Global Class B (PARA)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	667,000	717,000	727,000	1,113,000	1,378,000	1,701,000	1,980,000	2,318,000	2,994,000	9,663,000	9,706,000	9,695,000	9,228,000	9,205,000	8,990,000	8,686,000	9,084,000	6,257,000	6,492,000	6,537,000
Revenue (ttm)	US$ in thousands	28,736,000	29,213,000	29,008,000	29,145,000	29,122,000	29,107,000	28,810,000	27,682,000	27,713,000	26,732,000	26,194,000	25,729,000	25,130,000	25,127,000	22,476,000	20,279,000	18,416,000	15,569,000	15,617,000	15,352,000
Gross profit margin		2.32%	2.45%	2.51%	3.82%	4.73%	5.84%	6.87%	8.37%	10.80%	36.15%	37.05%	37.68%	36.72%	36.63%	40.00%	42.83%	49.33%	40.19%	41.57%	42.58%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $667,000K ÷ $28,736,000K
= 2.32%

Paramount Global has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. This level of gross profit margin indicates that the company has been able to effectively control its cost of goods sold and generate substantial profits relative to its revenue. The stability and high percentage of gross profit margin suggest efficient operations and effective cost management within the organization. This continuous performance in maintaining a 100% gross profit margin can be viewed positively by investors and stakeholders as it reflects the company's ability to generate significant profits from its core business activities.