Was 2024 the year of peak ad revenues for Paramount and the Super Bowl?

Sunday saw the Super Bowl LVIII broadcast on CBS, Paramount+, and Nickelodeon, providing a bumper advertising windfall estimated at between $650-$700 million for parent company Paramount. The media majors’ entire business model is under intense scrutiny from investors made nervous by its losses (-$855 million for 2023 as of Q3 2023), and the overall share price being down 40% year-to-date.
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