(Reuters) – Paramount Global fell short of analysts’ estimates for quarterly revenue on Wednesday, as the media and entertainment company struggled with the absence of major content releases and an extended weakness in ad sales.
Total revenue rose 5% to $6.92 billion in the third quarter ended Sept. 30. Analysts on average had expected $7.01 billion, according to Refinitiv data.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj Kalluvila)
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