Avoid This Streaming Stock at All Cost

Every media company is trying to build a streaming business, but not everyone will succeed. One of the companies struggling most is Paramount (NASDAQ:PARA), owner of assets like CBS and MTV. The company is losing money on streaming and may not have the assets to compete with larger rivals.

In this video, Travis Hoium explains the strategy and financials behind Paramount's struggles.

*Stock prices used were end-of-day prices of March 3, 2024. The video was published on March 4, 2024.

Should you invest $1,000 in Paramount Global right now?

Before you buy stock in Paramount Global, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Paramount Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of February 26, 2024

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Snap and Walt Disney. The Motley Fool has positions in and recommends Meta Platforms, Netflix, and Walt Disney. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.