Analysis of Reportable Segments
Paramount Global operates in 3 segments: TV Media; Direct-to-Consumer; and Filmed Entertainment.
Segment Profit Margin
Paramount Global, profit margin by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| TV Media | 25.08% | 25.92% | 27.54% | — | — |
| Direct-to-Consumer | -37.09% | -29.82% | -9.42% | — | — |
| Filmed Entertainment | 7.34% | 7.70% | 6.40% | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | TV Media | TV Media segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Direct-to-Consumer | Direct-to-Consumer segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. | |
| Filmed Entertainment | Filmed Entertainment segment profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Segment Profit Margin: TV Media
Paramount Global; TV Media; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted OIBDA | 5,451) | 5,892) | 5,816) | —) | —) |
| Revenues | 21,732) | 22,734) | 21,120) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.08% | 25.92% | 27.54% | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Segment profit margin = 100 × Adjusted OIBDA ÷ Revenues
= 100 × 5,451 ÷ 21,732 = 25.08%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | TV Media | TV Media segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Direct-to-Consumer
Paramount Global; Direct-to-Consumer; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted OIBDA | (1,819) | (992) | (171) | —) | —) |
| Revenues | 4,904) | 3,327) | 1,815) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -37.09% | -29.82% | -9.42% | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Segment profit margin = 100 × Adjusted OIBDA ÷ Revenues
= 100 × -1,819 ÷ 4,904 = -37.09%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Direct-to-Consumer | Direct-to-Consumer segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Filmed Entertainment
Paramount Global; Filmed Entertainment; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Adjusted OIBDA | 272) | 207) | 158) | —) | —) |
| Revenues | 3,706) | 2,687) | 2,470) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 7.34% | 7.70% | 6.40% | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Segment profit margin = 100 × Adjusted OIBDA ÷ Revenues
= 100 × 272 ÷ 3,706 = 7.34%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Filmed Entertainment | Filmed Entertainment segment profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Revenues
Paramount Global, revenues by reportable segment
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| TV Media | 21,732) | 22,734) | 21,120) | —) | —) |
| Direct-to-Consumer | 4,904) | 3,327) | 1,815) | —) | —) |
| Filmed Entertainment | 3,706) | 2,687) | 2,470) | —) | —) |
| Corporate/Eliminations | (188) | (162) | (120) | —) | —) |
| Total | 30,154) | 28,586) | 25,285) | —) | —) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
Adjusted OIBDA
Paramount Global, adjusted oibda by reportable segment
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| TV Media | 5,451) | 5,892) | 5,816) | —) | —) |
| Direct-to-Consumer | (1,819) | (992) | (171) | —) | —) |
| Filmed Entertainment | 272) | 207) | 158) | —) | —) |
| Corporate/Eliminations | (470) | (491) | (485) | —) | —) |
| Total | 3,434) | 4,616) | 5,318) | —) | —) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).