Paramount Global Class B (PARA)

Net 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
Net income (ttm)	US$ in thousands	-608,000	-1,101,000	-1,165,000	-447,000	1,104,000	3,141,000	3,448,000	4,065,000	4,543,000	3,295,000	3,372,000	2,817,000	2,422,000	1,354,000	1,369,000	1,865,000	3,308,000	4,453,000	4,709,000	4,686,000
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
Net profit margin		-2.12%	-3.77%	-4.02%	-1.53%	3.79%	10.79%	11.97%	14.68%	16.39%	12.33%	12.87%	10.95%	9.64%	5.39%	6.09%	9.20%	17.96%	28.60%	30.15%	30.52%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-608,000K ÷ $28,736,000K
= -2.12%

The net profit margin of Paramount Global has shown a declining trend over the past eight quarters. In Q4 2023, the net profit margin was -2.05%, indicating that the company's bottom line results in a loss of 2.05% of its total revenue. This marks a significant decrease from the previous quarter's net profit margin of -3.65%.

The negative net profit margins in recent quarters suggest that the company is experiencing challenges in generating profits relative to its revenue. This decreasing trend in profitability is a cause for concern as it may indicate inefficiencies in cost management or decreases in revenue generation.

Comparing to the same quarter in the previous year, the net profit margin has declined substantially from 3.66% to -2.05%. This steep drop in profitability raises red flags regarding the company's financial performance and its ability to generate returns for its investors.

Overall, the consistent decline in net profit margin over the past eight quarters suggests that Paramount Global is facing financial challenges that require careful attention and strategic measures to improve profitability and ensure long-term sustainability.