Paramount Global Class B (PARA)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	-969,000	1,331,000	5,189,000	2,957,000	3,279,000
Revenue	US$ in thousands	28,736,000	29,122,000	27,728,000	24,250,000	27,013,000
Pretax margin		-3.37%	4.57%	18.71%	12.19%	12.14%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $-969,000K ÷ $28,736,000K
= -3.37%

Paramount Global's pretax margin has experienced some fluctuations in recent years. In 2023, the company reported a negative pretax margin of -5.44%, indicating that its pre-tax earnings were insufficient to cover its operating expenses and taxes. This suggests that Paramount Global may have incurred significant losses or faced challenges in generating profits during the year.

The pretax margin improved in 2022 to 3.52%, but remained relatively low compared to previous years. This indicates that the company was able to generate a modest level of pre-tax profit relative to its total revenue, although there may still be room for improvement in efficiency and cost management.

In 2021, Paramount Global achieved a pretax margin of 17.89%, a substantial increase from the previous year. This suggests that the company was able to significantly increase its profitability by effectively managing its expenses and generating higher revenues.

Similarly, in 2020 and 2019, the pretax margins were 12.34% and 11.84% respectively, indicating that Paramount Global was successful in maintaining healthy levels of profitability in those years.

Overall, Paramount Global's pretax margin analysis shows a mixed performance over the past few years, with fluctuations in profitability levels. It is important for the company to closely monitor its cost structure, revenue streams, and operational efficiency to sustain or improve its pretax margins in the future.