Press Release

NEW YORK, May 4, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the first quarter ended March 31, 2023.

Please visit the Paramount Investors website to view the press release.

The company will conduct a conference call at 8:30 a.m. (ET) today, and a live audio webcast will be available on Paramount's Investors website.

The call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 429753. Please call five minutes in advance to ensure that you are connected prior to the call.

An audio replay of the call will be available beginning at 11:30 a.m. (ET) on May 4 in the Events, Webcasts & Annual Meetings section of Paramount's Investors website, and at 866-813-9403 using access code 428646.

The earnings release and any other information related to the call will be accessible on the Paramount Investors website.

PARA-IR

About Paramount

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.

View original content to download multimedia:https://www.prnewswire.com/news-releases/paramount-global-reports-first-quarter-earnings-results-301815675.html

SOURCE Paramount Global

Press: Justin Dini, Executive Vice President, Head of Communications, (212) 846-2724, justin.dini@paramount.com, Peter Collins, Vice President, Corporate Communications, (917) 826-4182, peter.collins@paramount.com, Investors: Kristin Southey, Executive Vice President, Investor Relations, (310) 593-1630, kristin.southey@paramount.com, Jaime Morris, Senior Vice President, Investor Relations, (646) 824-5450, jaime.morris@paramount.com