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Why Paramount Global Stock Was Down This Week

Why Paramount Global Stock Was Down This Week

Week to date, shares of Paramount Global (NASDAQ: PARA) (NASDAQ: PARA.A) were down 6.8% as of Friday afternoon, according to data provided by S&P Global Market Intelligence. The stock dropped following management's warning that advertising revenue was coming in below third-quarter numbers. Paramount grew advertising revenue by 1% in the third quarter on a constant-currency basis.