v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 6,849 $ 6,813 $ 14,041 $ 14,498
Costs and expenses:        
Operating 4,624 4,367 9,585 9,403
Programming charges 0 0 0 1,118
Selling, general and administrative 1,401 1,579 2,944 3,241
Depreciation and amortization 87 101 175 201
Impairment charges 157 5,996 157 5,996
Restructuring and transaction-related items 181 88 266 274
Total costs and expenses 6,450 12,131 13,127 20,233
Gain on dispositions 0 0 35 0
Operating income (loss) 399 (5,318) 949 (5,735)
Interest expense (214) (215) (431) (436)
Interest income 32 35 70 80
Loss from investment 0 0 0 (4)
Other items, net (39) (49) (76) (87)
Earnings (loss) from continuing operations before income taxes and equity in loss of investee companies 178 (5,547) 512 (6,182)
(Provision for) benefit from income taxes (50) 215 (150) 387
Equity in loss of investee companies, net of tax (67) (72) (140) (162)
Net earnings (loss) from continuing operations 61 (5,404) 222 (5,957)
Net earnings from discontinued operations, net of tax 0 0 0 9
Net earnings (loss) (Paramount and noncontrolling interests) 61 (5,404) 222 (5,948)
Net earnings attributable to noncontrolling interests (4) (9) (13) (19)
Net earnings (loss) attributable to Paramount 57 (5,413) 209 (5,967)
Amounts attributable to Paramount:        
Net earnings (loss) from continuing operations 57 (5,413) 209 (5,976)
Net earnings from discontinued operations, net of tax 0 0 0 9
Net earnings (loss) attributable to Paramount $ 57 $ (5,413) $ 209 $ (5,967)
Basic net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) $ 0.08 $ (8.12) $ 0.31 $ (9.08)
Net earnings from discontinued operations (in dollars per share) 0 0 0 0.01
Net earnings (loss) (in dollars per share) 0.08 (8.12) 0.31 (9.06)
Diluted net earnings (loss) per common share attributable to Paramount:        
Net earnings (loss) from continuing operations (in dollars per share) 0.08 (8.12) 0.31 (9.08)
Net earnings from discontinued operations (in dollars per share) 0 0 0 0.01
Net earnings (loss) (in dollars per share) $ 0.08 $ (8.12) $ 0.31 $ (9.06)
Weighted average number of common shares outstanding:        
Basic (in shares) 675 667 673 660
Diluted (in shares) 680 667 679 660