Paramount puts up a surprise adjusted profit, as higher streaming prices boost revenue

Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform. Adjusted for impairments and restructuring, the company — which also oversees CBS, Comedy Central and Pluto TV — reported a per-share profit of 4 cents, better than FactSet estimates for a 1 cent per-share loss. Revenue fell 6% to $7.64 billion, worse