Paramount Stock Plummets to Historic Low Amid Failed Skydance Merger

Shares fall below $10 as the media giant grapples with debt, streaming losses, and strategic uncertainties.

Paramount Global stock has declined nearly 30% year-to-date, hitting an all-time low of $9.90 per share.
The collapse of merger talks with Skydance Media has left Paramount exploring other potential buyers and strategic options.
Despite recent financial struggles, Paramount posted better-than-expected Q1 2024 results, with revenue up 5.8% year-over-year.
The company is implementing $500 million in cost cuts and seeking partnerships to bolster its streaming business.
Paramount's valuable assets, including its extensive content library and franchises, remain attractive to potential investors.