Paramount Global reported its third-quarter financial results, revealing a swing to a streaming profit from a year-ago loss. Despite adding 3.5 million new subscribers to Paramount+ and achieving a 25% revenue growth compared to the same period in 2023, the company missed its quarterly revenue estimates. Paramount reported Q3 2024 revenue of $6.73 billion, falling short of the expected $6.95 billion. The company's earnings per share (EPS) stood at $0.49, surpassing the expected $0.24. However, shares of Paramount Global fell 5.5% in early trade due to the revenue miss. The gains in streaming, driven by NFL and UEFA competitions, were offset by weak film and TV revenue, contributing to the overall revenue shortfall. This marks the second earnings report since Paramount's sale to Skydance Media was unveiled.