Paramount Global Class B (PARA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -608,000 | 1,104,000 | 4,543,000 | 2,422,000 | 3,308,000 |
| Revenue | US$ in thousands | 28,736,000 | 29,122,000 | 27,728,000 | 24,250,000 | 27,013,000 |
| Net profit margin | -2.12% | 3.79% | 16.38% | 9.99% | 12.25% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-608,000K ÷ $28,736,000K
= -2.12%
Paramount Global's net profit margin has shown a declining trend over the past five years. The net profit margin was -2.05% in 2023, a significant decrease from 3.66% in 2022, indicating a loss in profitability. This decline is a cause for concern as it follows a downward trend from 2019 when the net profit margin was higher at 11.89%. The decrease in net profit margin can be attributed to various factors such as rising expenses, declining revenues, or ineffective cost management. Paramount Global may need to reassess its business strategies and operational efficiency to improve its profitability in the future.
Peer comparison
Dec 31, 2023