Paramount’s ‘key focus’ has turned to profitability: Analyst

Paramount Global (PARA, PARAA) posted mixed fourth quarter results, missing on revenue but returning to profitability as streaming revenue rose 69% annually. Moffett Nathanson Senior Analyst Robert Fishman discusses the results on Yahoo Finance Live.  Fishman says the earnings report reveals Paramount's "key focus" on reducing losses and restoring profitability. However, headwinds such as declining linear TV and competition for ad dollars persist. While Paramount is doing "as well as they can," challenges remain, including its limited cash generation and substantial debt. As speculation swirls about potential partnerships or mergers, Fishman notes acquirer "appetite" and risk tolerance are key.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith