Paramount Global (PARA) Q3 2022 Earnings Call Transcript

Paramount Global (NASDAQ:PARA) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET

Company Participants

Anthony DiClemente - Executive Vice President, Investor Relations

Bob Bakish - President & Chief Executive Officer

Naveen Chopra - Chief Financial Officer

Conference Call Participants

Michael Morris - Guggenheim Partners

Bryan Kraft - Deutsche Bank

Rich Greenfield - LightShed Partners

Brett Feldman - Goldman Sachs

Douglas Mitchelson - Credit Suisse

Ben Swinburne - Morgan Stanley

John Hodulik - UBS

Operator

Good morning or good afternoon. My name is Adam, and I'll be the conference operator today. At this time, I would like to welcome everyone to Paramount Global's Q3 2022 Earnings Conference Call. All lines have been muted to prevent any background noise. After the speakers' remarks, there will be a Q&A session. [Operator Instructions] In order to get as many of your questions as possible, we ask that you limit yourself to one per person.

At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. You may now begin your conference call.

Anthony DiClemente

Good morning, everyone. Thank you for taking the time to join us for our third quarter 2022 earnings call. Joining me for today's discussion are Bob Bakish, our President and CEO; and Naveen Chopra, our CFO. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website.

I want to remind you that certain statements made on this call are forward-looking statements that involve risks and uncertainties. These risks and uncertainties are discussed in more detail in our filings with the SEC.

Some of today’s financial remarks will focus on adjusted results. Reconciliations of these non-GAAP financial measures can be found on our earnings release or in our trending schedules which contain supplemental information and in each case can be found in the Investor Relations section of our website.

And now, I will turn the call over to Bob.

Bob Bakish

Good morning, everyone, and thank you for joining us. Today, I'll share some highlights from our third quarter and give you my perspective on the road ahead. Naveen will then take you through the numbers, and then we'll open it up for questions.

In the third quarter, Paramount continued to execute on our differentiated strategy, to deliver compelling entertainment experiences for the world's consumers while creating value for our partners and shareholders.