v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues $ 7,192 $ 7,685
Costs and expenses:    
Operating 4,961 5,036
Programming charges 0 1,118
Selling, general and administrative 1,543 1,662
Depreciation and amortization 88 100
Restructuring and transaction-related items 85 186
Total costs and expenses 6,677 8,102
Gain on dispositions 35 0
Operating income (loss) 550 (417)
Interest expense (217) (221)
Interest income 38 45
Loss from investment 0 (4)
Other items, net (37) (38)
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies 334 (635)
(Provision for) benefit from income taxes (100) 172
Equity in loss of investee companies, net of tax (73) (90)
Net earnings (loss) from continuing operations 161 (553)
Net earnings from discontinued operations, net of tax 0 9
Net earnings (loss) (Paramount and noncontrolling interests) 161 (544)
Net earnings attributable to noncontrolling interests (9) (10)
Net earnings (loss) attributable to Paramount 152 (554)
Amounts attributable to Paramount:    
Net earnings (loss) from continuing operations 152 (563)
Net earnings from discontinued operations, net of tax 0 9
Net earnings (loss) attributable to Paramount $ 152 $ (554)
Basic net earnings (loss) per common share attributable to Paramount:    
Net earnings (loss) from continuing operations (in dollars per share) $ 0.23 $ (0.88)
Net earnings from discontinued operations (in dollars per share) 0 0.01
Net earnings (loss) (in dollars per share) 0.23 (0.87)
Diluted net earnings (loss) per common share attributable to Paramount:    
Net earnings (loss) from continuing operations (in dollars per share) 0.22 (0.88)
Net earnings from discontinued operations (in dollars per share) 0 0.01
Net earnings (loss) (in dollars per share) $ 0.22 $ (0.87)
Weighted average number of common shares outstanding:    
Basic (in shares) 672 654
Diluted (in shares) 678 654