Paramount’s third-quarter earnings reported mixed results. While the streaming business gains momentum with 3.5 million subscribers and a 18% jump in advertising revenue year-over-year, the company continues to struggle in its linear TV and studio segments.

Yahoo Finance Senior Reporter Alexandra Canal joins Catalysts to break down the drop in stock price for Paramount Global (PARA) as well as the company’s outlook, including a merger with Skydance Media that's expected to close in 2025.

Looking ahead to upcoming earnings for Disney (DIS), Canal expects a similar trend with strength in streaming, but headwinds in the company's linear TV business.

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This post was written by Cindy Mizaku.