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Paramount GlobalCNBC
•77% Informative
Paramount Global's revenue dropped 11% in the second quarter , the company's biggest miss relative to analyst estimates since February 2020 .
Revenue fell as TV licensing fees dropped 48% , compounding declines in subscription fees and advertising sales.
The company's streaming division swung to a profit of $26 million , the first time Paramount has announced a profitable quarter for its direct-to-consumer business.
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86
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90
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69
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