Paramount Global Class B (PARA)

Operating 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
Operating income (ttm)	US$ in thousands	-451,000	-673,000	-728,000	341,000	2,342,000	4,824,000	5,137,000	5,544,000	6,297,000	4,716,000	4,740,000	4,765,000	4,139,000	3,012,000	3,093,000	3,256,000	4,146,000	5,449,000	5,772,000	5,806,000
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
Operating profit margin		-1.57%	-2.30%	-2.51%	1.17%	8.04%	16.57%	17.83%	20.03%	22.72%	17.64%	18.10%	18.52%	16.47%	11.99%	13.76%	16.06%	22.51%	35.00%	36.96%	37.82%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-451,000K ÷ $28,736,000K
= -1.57%

Paramount Global's operating profit margin has shown fluctuating trends over the past eight quarters. In Q4 2023, the operating profit margin was 6.65%, which indicates that the company generated $0.0665 in operating profit for every dollar of sales. This figure represents an increase from the negative operating profit margin recorded in the previous quarter.

The negative operating profit margins in Q3 and Q2 2023 suggest that the company experienced challenges in controlling its operating expenses relative to its revenue during those periods. However, in Q1 2023, there was a positive operating profit margin of 2.75%, reflecting improvement in profitability compared to the preceding quarters.

Comparing the latest operating profit margin to the same quarter in the previous year (Q4 2022), there has been a decline from 9.52% to 6.65%. This decrease could indicate potential issues with cost management or pricing strategies that have impacted the company's profitability.

Overall, Paramount Global's operating profit margin has been variable, and it is essential for the company to closely monitor its operational efficiency and cost structure to improve profitability and maintain sustainable financial performance in the future.