v3.25.2
SEGMENT INFORMATION - Schedule of Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Revenues $ 6,849   $ 6,813   $ 14,041 $ 14,498
Total costs and expenses 6,450   12,131   13,127 20,233
Stock-based compensation         (87) (109)
Depreciation and amortization (87)   (101)   (175) (201)
Programming charges 0   0 $ (1,120) 0 (1,118)
Impairment charges (157)   (5,996)   (157) (5,996)
Restructuring and transaction-related items (181)   (88)   (266) (274)
Gain on dispositions 0 $ 35 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)
Restructuring And Transaction-Related Items            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Stock-based compensation         (4)  
Operating Segments | TV Media            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Revenues 4,011   4,271   8,549 9,502
Content costs 1,956   1,968   4,299 4,462
Advertising and marketing 116   111   269 280
Other 1,076   1,174   2,196 2,297
Total costs and expenses 3,148   3,253   6,764 7,039
Adjusted OIBDA 863   1,018   1,785 2,463
Operating Segments | Direct-to-Consumer            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Revenues 2,160   1,880   4,204 3,759
Content costs 1,085   995   2,300 2,215
Advertising and marketing 294   265   635 612
Other 624   594   1,221 1,192
Total costs and expenses 2,003   1,854   4,156 4,019
Adjusted OIBDA 157   26   48 (260)
Operating Segments | Filmed Entertainment            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Revenues 690   679   1,317 1,284
Content costs 394   342   715 631
Advertising and marketing 195   190   311 325
Other 185   201   355 385
Total costs and expenses 774   733   1,381 1,341
Adjusted OIBDA (84)   (54)   (64) (57)
Corporate/Eliminations            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Adjusted OIBDA (73)   (73)   (174) (197)
Segment Reconciling Items            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Stock-based compensation (39)   (50)   (83) (95)
Depreciation and amortization (87)   (101)   (175) (201)
Programming charges 0   0   0 (1,118)
Impairment charges (157)   (5,996)   (157) (5,996)
Restructuring and transaction-related items (181)   (88)   (266) (274)
Gain on dispositions 0   0   35 0
Segment Reconciling Items | Restructuring And Transaction-Related Items            
Adjusted OIBDA by Segment and Reconciliation to Net Earnings (Loss)            
Stock-based compensation $ (4)   $ (12)   $ (4) $ (14)