Subtext

Paramount Global PARA

SectorCommunication Services
Transcripts78
Date range2006-02-23 – 2025-05-08
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-37-18+0+18+372005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · Overall: +8.82006 Q1 · Overall: +11.52006 Q2 · Overall: +7.52006 Q3 · Overall: +4.72006 Q4 · Overall: +8.72007 Q2 · Overall: +9.22007 Q3 · Overall: +11.62007 Q4 · Overall: +6.62008 Q1 · Overall: +11.02008 Q2 · Overall: +12.82008 Q3 · Overall: +4.12008 Q4 · Overall: +2.32009 Q1 · Overall: +3.12009 Q2 · Overall: +11.52009 Q3 · Overall: +14.42009 Q4 · Overall: +13.42010 Q1 · Overall: +14.42010 Q2 · Overall: +12.72010 Q3 · Overall: +16.52010 Q4 · Overall: +13.92011 Q1 · Overall: +21.52011 Q2 · Overall: +15.12011 Q3 · Overall: +15.32011 Q4 · Overall: +17.52012 Q1 · Overall: +16.52012 Q2 · Overall: +13.22012 Q3 · Overall: +10.12012 Q4 · Overall: +13.42013 Q1 · Overall: +12.32013 Q2 · Overall: +12.82013 Q3 · Overall: +9.12013 Q4 · Overall: +12.22014 Q1 · Overall: +10.92014 Q2 · Overall: +9.22014 Q3 · Overall: +8.62014 Q4 · Overall: +14.02015 Q1 · Overall: +14.82015 Q2 · Overall: +12.22015 Q3 · Overall: +13.22015 Q4 · Overall: +12.52016 Q1 · Overall: +14.72016 Q2 · Overall: +10.82016 Q3 · Overall: +13.02016 Q4 · Overall: +12.62017 Q1 · Overall: +15.82017 Q2 · Overall: +13.62017 Q3 · Overall: +11.12017 Q4 · Overall: +12.22018 Q1 · Overall: +10.52018 Q2 · Overall: +5.52018 Q3 · Overall: +13.62018 Q4 · Overall: +11.62019 Q1 · Overall: +11.42019 Q2 · Overall: +14.72019 Q3 · Overall: +13.02019 Q4 · Overall: +12.02020 Q1 · Overall: +8.62020 Q2 · Overall: +13.42020 Q3 · Overall: +14.32020 Q4 · Overall: +13.52021 Q1 · Overall: +14.12021 Q2 · Overall: +18.02021 Q3 · Overall: +10.12021 Q4 · Overall: +15.22022 Q1 · Overall: +11.42022 Q2 · Overall: +12.62022 Q3 · Overall: +13.72022 Q4 · Overall: +10.82023 Q1 · Overall: +12.62023 Q2 · Overall: +15.62023 Q3 · Overall: +12.22023 Q4 · Overall: +12.82024 Q1 · Overall: +31.92024 Q2 · Overall: +10.32024 Q3 · Overall: +17.42024 Q4 · Overall: +14.72025 Q1 · Overall: +14.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-96-48+0+48+962005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · CEO: +21.02006 Q1 · CEO: +25.72006 Q2 · CEO: +14.42006 Q3 · CEO: +16.52006 Q4 · CEO: +17.82007 Q2 · CEO: +19.12007 Q3 · CEO: +20.62007 Q4 · CEO: +13.02008 Q1 · CEO: +22.12008 Q2 · CEO: +22.42008 Q3 · CEO: +10.02008 Q4 · CEO: +13.22009 Q1 · CEO: +12.52009 Q2 · CEO: +19.62009 Q3 · CEO: +21.92009 Q4 · CEO: +20.82010 Q1 · CEO: +24.52010 Q2 · CEO: +20.72010 Q3 · CEO: +25.32010 Q4 · CEO: +22.32011 Q1 · CEO: +33.22011 Q2 · CEO: +25.32011 Q3 · CEO: +18.72011 Q4 · CEO: +24.12012 Q1 · CEO: +25.92012 Q2 · CEO: +22.92012 Q3 · CEO: +18.82012 Q4 · CEO: +22.62013 Q1 · CEO: +20.22013 Q2 · CEO: +19.62013 Q3 · CEO: +9.82013 Q4 · CEO: +20.62014 Q1 · CEO: +18.82014 Q2 · CEO: +22.62014 Q3 · CEO: +15.32014 Q4 · CEO: +20.92015 Q1 · CEO: +23.52015 Q4 · CEO: +16.82016 Q2 · CEO: +19.12016 Q3 · CEO: +23.02016 Q4 · CEO: +20.92017 Q1 · CEO: +21.62017 Q2 · CEO: +21.32017 Q3 · CEO: +15.62017 Q4 · CEO: +18.02018 Q1 · CEO: +14.12018 Q2 · CEO: +12.52018 Q3 · CEO: +10.82018 Q4 · CEO: +16.22019 Q1 · CEO: +14.32019 Q2 · CEO: +15.02019 Q3 · CEO: +19.02019 Q4 · CEO: +17.32020 Q1 · CEO: +13.02020 Q2 · CEO: +15.42020 Q3 · CEO: +17.22021 Q1 · CEO: +19.02021 Q2 · CEO: +20.92021 Q3 · CEO: +18.72021 Q4 · CEO: +14.52022 Q1 · CEO: +21.22022 Q2 · CEO: +17.72022 Q3 · CEO: +19.22022 Q4 · CEO: +18.22023 Q1 · CEO: +18.62023 Q2 · CEO: +17.52023 Q3 · CEO: +15.92023 Q4 · CEO: +16.12024 Q1 · CEO: +57.72005 Q4 · CFO: +2.32006 Q1 · CFO: +9.62006 Q2 · CFO: +8.92006 Q3 · CFO: +0.32006 Q4 · CFO: +1.92007 Q2 · CFO: -0.42007 Q3 · CFO: +0.02007 Q4 · CFO: +3.92008 Q1 · CFO: +2.12008 Q2 · CFO: +3.62008 Q3 · CFO: +4.22008 Q4 · CFO: -4.52009 Q1 · CFO: -1.02009 Q2 · CFO: +9.92009 Q3 · CFO: +11.02009 Q4 · CFO: +6.52010 Q1 · CFO: +9.12010 Q2 · CFO: +10.62010 Q3 · CFO: +14.32010 Q4 · CFO: +6.52011 Q1 · CFO: +16.92011 Q2 · CFO: +14.12011 Q3 · CFO: +16.42011 Q4 · CFO: +17.52012 Q1 · CFO: +13.92012 Q2 · CFO: +12.52012 Q3 · CFO: +7.02012 Q4 · CFO: +10.42013 Q1 · CFO: +10.72018 Q3 · CFO: +21.82018 Q4 · CFO: +10.42019 Q1 · CFO: +15.82019 Q2 · CFO: +11.42019 Q3 · CFO: +10.82019 Q4 · CFO: +15.22020 Q1 · CFO: +8.42020 Q2 · CFO: +12.32020 Q3 · CFO: +17.42021 Q1 · CFO: +18.62021 Q2 · CFO: +24.92021 Q3 · CFO: +6.62022 Q1 · CFO: +5.02022 Q2 · CFO: +12.22022 Q3 · CFO: +12.22022 Q4 · CFO: +6.82023 Q1 · CFO: +13.12023 Q2 · CFO: +22.32023 Q3 · CFO: +17.32023 Q4 · CFO: +15.02024 Q1 · CFO: +83.32024 Q2 · CFO: +4.72024 Q3 · CFO: +17.82024 Q4 · CFO: +6.42025 Q1 · CFO: +8.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32005 Q4 · Prepared remarks: +9.62006 Q1 · Prepared remarks: +19.42006 Q2 · Prepared remarks: +12.72006 Q3 · Prepared remarks: +8.22006 Q4 · Prepared remarks: +14.92007 Q2 · Prepared remarks: +14.22007 Q3 · Prepared remarks: +11.62007 Q4 · Prepared remarks: +7.02008 Q1 · Prepared remarks: +14.42008 Q2 · Prepared remarks: +16.42008 Q3 · Prepared remarks: +9.72008 Q4 · Prepared remarks: +6.42009 Q1 · Prepared remarks: +9.22009 Q2 · Prepared remarks: +15.92009 Q3 · Prepared remarks: +15.52009 Q4 · Prepared remarks: +21.92010 Q1 · Prepared remarks: +21.92010 Q2 · Prepared remarks: +17.72010 Q3 · Prepared remarks: +24.82010 Q4 · Prepared remarks: +18.32011 Q1 · Prepared remarks: +22.32011 Q2 · Prepared remarks: +28.32011 Q3 · Prepared remarks: +15.92011 Q4 · Prepared remarks: +20.32012 Q1 · Prepared remarks: +16.72012 Q2 · Prepared remarks: +16.82012 Q3 · Prepared remarks: +19.02012 Q4 · Prepared remarks: +20.32013 Q1 · Prepared remarks: +25.22013 Q2 · Prepared remarks: +17.52013 Q3 · Prepared remarks: +15.72013 Q4 · Prepared remarks: +13.62014 Q1 · Prepared remarks: +22.22014 Q2 · Prepared remarks: +20.82014 Q3 · Prepared remarks: +17.22014 Q4 · Prepared remarks: +14.12015 Q1 · Prepared remarks: +17.22015 Q2 · Prepared remarks: +19.42015 Q3 · Prepared remarks: +19.42015 Q4 · Prepared remarks: +19.52016 Q1 · Prepared remarks: +14.92016 Q2 · Prepared remarks: +19.52016 Q3 · Prepared remarks: +18.62016 Q4 · Prepared remarks: +21.42017 Q1 · Prepared remarks: +18.32017 Q2 · Prepared remarks: +18.72017 Q3 · Prepared remarks: +17.92017 Q4 · Prepared remarks: +16.72018 Q1 · Prepared remarks: +10.62018 Q2 · Prepared remarks: +17.42018 Q3 · Prepared remarks: +16.22018 Q4 · Prepared remarks: +13.72019 Q1 · Prepared remarks: +18.02019 Q2 · Prepared remarks: +16.02019 Q3 · Prepared remarks: +17.02019 Q4 · Prepared remarks: +17.52020 Q1 · Prepared remarks: +14.42020 Q2 · Prepared remarks: +17.72020 Q3 · Prepared remarks: +18.52020 Q4 · Prepared remarks: +14.72021 Q1 · Prepared remarks: +24.62021 Q2 · Prepared remarks: +23.52021 Q3 · Prepared remarks: +23.82021 Q4 · Prepared remarks: +15.22022 Q1 · Prepared remarks: +13.52022 Q2 · Prepared remarks: +17.92022 Q3 · Prepared remarks: +19.12022 Q4 · Prepared remarks: +18.72023 Q1 · Prepared remarks: +19.22023 Q2 · Prepared remarks: +22.42023 Q3 · Prepared remarks: +16.72023 Q4 · Prepared remarks: +20.92024 Q1 · Prepared remarks: +31.42024 Q2 · Prepared remarks: +17.82024 Q3 · Prepared remarks: +20.62024 Q4 · Prepared remarks: +17.02025 Q1 · Prepared remarks: +18.12005 Q4 · Q&A responses: +0.02006 Q1 · Q&A responses: +9.12006 Q2 · Q&A responses: +9.52006 Q3 · Q&A responses: +11.52006 Q4 · Q&A responses: +5.82007 Q2 · Q&A responses: +9.72007 Q3 · Q&A responses: +18.12007 Q4 · Q&A responses: +8.82008 Q1 · Q&A responses: +8.12008 Q2 · Q&A responses: +8.52008 Q3 · Q&A responses: +1.02008 Q4 · Q&A responses: +2.42009 Q1 · Q&A responses: -0.22009 Q2 · Q&A responses: +11.02009 Q3 · Q&A responses: +0.02009 Q4 · Q&A responses: +0.02010 Q1 · Q&A responses: +12.72010 Q2 · Q&A responses: +5.62010 Q3 · Q&A responses: +10.72010 Q4 · Q&A responses: +13.02011 Q1 · Q&A responses: +12.02011 Q2 · Q&A responses: +5.02011 Q3 · Q&A responses: +5.12011 Q4 · Q&A responses: +7.92012 Q2 · Q&A responses: +7.62012 Q3 · Q&A responses: +5.62012 Q4 · Q&A responses: +8.62013 Q1 · Q&A responses: +6.22013 Q2 · Q&A responses: +9.82013 Q3 · Q&A responses: +8.32013 Q4 · Q&A responses: +4.02014 Q1 · Q&A responses: +3.42014 Q2 · Q&A responses: +6.82014 Q3 · Q&A responses: +3.92014 Q4 · Q&A responses: +17.32015 Q1 · Q&A responses: +8.62015 Q2 · Q&A responses: +11.62015 Q3 · Q&A responses: +9.32015 Q4 · Q&A responses: +9.42016 Q2 · Q&A responses: +8.22016 Q3 · Q&A responses: +15.62016 Q4 · Q&A responses: +9.72017 Q1 · Q&A responses: +14.32017 Q2 · Q&A responses: +10.72017 Q3 · Q&A responses: +5.82017 Q4 · Q&A responses: +8.22018 Q2 · Q&A responses: +7.92018 Q3 · Q&A responses: +2.32018 Q4 · Q&A responses: +1.92019 Q1 · Q&A responses: +5.72019 Q2 · Q&A responses: -16.72019 Q3 · Q&A responses: +10.72019 Q4 · Q&A responses: +13.52020 Q1 · Q&A responses: +7.52020 Q2 · Q&A responses: +10.22020 Q3 · Q&A responses: +15.42020 Q4 · Q&A responses: +10.42021 Q1 · Q&A responses: +10.52021 Q2 · Q&A responses: +16.82021 Q3 · Q&A responses: +7.42022 Q1 · Q&A responses: +18.12022 Q2 · Q&A responses: +11.32022 Q3 · Q&A responses: +12.62022 Q4 · Q&A responses: +6.92023 Q1 · Q&A responses: +10.22023 Q2 · Q&A responses: +11.82023 Q3 · Q&A responses: +11.12023 Q4 · Q&A responses: +9.12024 Q2 · Q&A responses: +7.02024 Q3 · Q&A responses: +16.92024 Q4 · Q&A responses: +16.82025 Q1 · Q&A responses: +15.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.65$3.58$6.502005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $3.632014 Q2: $3.752014 Q3: $3.812014 Q4: $3.682015 Q1: $3.792015 Q2: $3.932015 Q3: $3.942015 Q4: $4.002016 Q1: $4.092016 Q2: $4.232016 Q3: $4.322016 Q4: $4.442017 Q1: $4.592017 Q2: $4.822017 Q3: $4.952017 Q4: $4.992018 Q1: $5.372018 Q2: $5.582018 Q3: $5.712018 Q4: $5.782019 Q1: $5.882019 Q2: $6.082019 Q3: $6.102019 Q4: $6.072020 Q1: $5.452020 Q2: $4.112020 Q3: $4.442020 Q4: $4.212021 Q1: $4.102021 Q2: $4.052021 Q3: $4.012021 Q4: $3.802022 Q1: $2.692022 Q2: $2.342022 Q3: $1.802022 Q4: $1.372023 Q1: $1.142023 Q2: $1.052023 Q3: $1.052023 Q4: $1.272024 Q1: $1.072024 Q2: $1.322024 Q3: $1.55

Forward P/E

0.6212.3924.162005 Q42008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 18.172014 Q2: 16.352014 Q3: 14.942014 Q4: 14.482015 Q1: 16.672015 Q2: 14.762015 Q3: 11.062015 Q4: 11.882016 Q1: 13.302016 Q2: 12.582016 Q3: 12.062016 Q4: 14.332017 Q1: 14.862017 Q2: 12.612017 Q3: 12.232017 Q4: 11.462018 Q1: 9.552018 Q2: 9.732018 Q3: 9.812018 Q4: 7.852019 Q1: 8.282019 Q2: 8.192019 Q3: 7.112019 Q4: 6.782020 Q1: 2.242020 Q2: 5.682020 Q3: 6.912020 Q4: 8.522021 Q1: 22.542021 Q2: 10.322021 Q3: 10.062021 Q4: 7.782022 Q1: 13.502022 Q2: 10.962022 Q3: 12.162022 Q4: 14.132023 Q1: 17.412023 Q2: 15.812023 Q3: 12.702023 Q4: 12.392024 Q1: 10.942024 Q2: 7.282024 Q3: 6.79

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↑ +5.4 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↓ -2.6 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.9 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -2.2 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.5 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -5.0 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.8 fwd EPS ↓ -1.34 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↑ +3.9 fwd EPS ↓ -0.05 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↑ +5.1 fwd EPS ↓ -0.21 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↑ +3.0 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↑ +19.1 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -21.6 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-08+14.9——View →
2024 Q42025-02-26+14.7——View →
2024 Q32024-11-08+17.4$1.556.8View →
2024 Q22024-08-08+10.3$1.327.3View →
2024 Q12024-04-29+31.9$1.0710.9View →
2023 Q42024-02-28+12.8$1.2712.4View →
2023 Q32023-11-02+12.2$1.0512.7View →
2023 Q22023-08-07+15.6$1.0515.8View →