Why Paramount Global's Stock Has Lost So Much Value This Year

Teejay Broughton
1 mins

While the stock market overall has lost some value this year, Paramount Global's stock has lost much more value than most other stocks.

TV remote control is seen with Paramount+ logo displayed on a screen in this illustration photo ... [+] taken in Krakow, Poland on February 6, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images
The Paramount+ streaming service is set to launch in Poland on February 6, 2022. The service will offer a wide range of TV shows and movies, including some Polish-language content.

It's been a tough year for Paramount Global stock (NASDAQ: PARA), which is down 36% year-to-date. The company has been investing heavily in content and marketing for its streaming business, and profits have taken a hit as a result. However, the direct-to-consumer business continues to grow, albeit at a slower pace than in previous years. It remains to be seen how Paramount will fare in the face of increasing competition from other streaming services.

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PARA Return compared with Trefis Multi-Strategy PortfolioTrefis
Assuming you are writing a news article about the paragraph above: It is interesting to note that the PARA Return compared with the Trefis Multi-Strategy Portfolio.

The Trefis Price Estimates dashboard is a great way to see the potential value of a company. It provides estimates for a variety of financial metrics, including share price, enterprise value, and more. This is a valuable resource for investors who want to get a better understanding of a company's worth.

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