Paramount Global (NASDAQ:PARA) Q3 2023 Earnings Call Transcript

We got another piece of the Yellowstone universe coming very shortly in batteries. We got Frasier, obviously, NFL is working. We got the PAW Patrol movie coming and some other goodies. So we’re good there. And as we look into 2024, we’re feeling very good about that as well. So again, overall, great on the Paramount Plus growth trajectory. And importantly, we’re accomplishing that while accelerating our path to profitability, which we also talked about today. Naveen?

Naveen Chopra: Yes. Just on the second part of your question around password sharing. Right now, we don’t see that as a major headwind to our growth efforts. Obviously, something that we will continue to monitor. And the good news is, I think there’s a template for how we could address that in a value accretive way. But right now, we’ve got really powerful growth drivers, as you heard Bob describe.

Bob Bakish: Yes. And look, everyone, in closing, we’re really proud of our progress in the quarter, particularly given the dynamic environment we’re operating in. As you can see, we continue to execute on our strategy prioritizing prudent investment in streaming and continuing to maximize the earnings from our traditional business, know that we remain confident in our plan to achieve significant total company earnings growth in 2024, and we’re laser-focused on delivering value for our shareholders. And with that, thank you for joining us. Be well, and we’ll talk to you soon.

Operator: Thank you. This now concludes today’s call. Thank you all for joining. You may now disconnect your lines.