Avoid This Streaming Stock at All Cost

By Travis Hoium – Mar 6, 2024 at 9:30AM

NASDAQ: PARA

Paramount Global

Market Cap

$8B

Today's Change

(-2.22%) -$0.27

Current Price

$11.91

Price as of April 26, 2024, 4:00 p.m. ET

Paramount doesn't have the assets or the audience to compete in streaming.

Every media company is trying to build a streaming business, but not everyone will succeed. One of the companies struggling most is Paramount (PARA -2.22%), owner of assets like CBS and MTV. The company is losing money on streaming and may not have the assets to compete with larger rivals.

In this video, Travis Hoium explains the strategy and financials behind Paramount's struggles.

*Stock prices used were end-of-day prices of March 3, 2024. The video was published on March 4, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Snap and Walt Disney. The Motley Fool has positions in and recommends Meta Platforms, Netflix, and Walt Disney. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.