2/26/2025

speaker
Nadia
Conference Operator

Hello, everyone. The Paramount Global's Q4 2024 Earnings Conference call will begin in one minute's time. If you would like to ask a question, please press star, fill it by one on your telephone keypad. Thank you for your patience. Good afternoon. My name is Nadia and I'll be the conference operator today. At this time, I would like to welcome everyone to Paramount Global's Q4 2024 earnings conference call. At this time, all lines have been muted to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star followed by two. In order to get as many of the questions as possible, we ask that you please limit yourself to one question. At this time, I would now like to turn the call over to Jamie Morris, Paramount Global's EVP Investor Relations. You may now begin your conference call.

speaker
Jamie Morris
EVP, Investor Relations

Good afternoon, everyone. Thank you for taking the time to join us for our fourth quarter 2024 earnings call. Joining me for today's discussion are Paramount's co-CEOs Brian Robbins, Chris McCarthy, and George Cheeks, and our CFO, Naveen Chopra. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website. Before we start, I want to remind you that certain statements made on this call are forward-looking statements that involve risks and uncertainties. These risks and uncertainties are discussed in more detail in our filings with the SEC, Some of today's financial remarks will focus on adjusted results. Reconciliations of these non-GAAP financial measures can be found in our earnings release or in our trending schedules, which contain supplemental information and in each case can be found in the investor relations section of our website. Now, I will turn the call over to Brian.

speaker
Brian Robbins
Co-CEO

Good afternoon, everyone. Thanks for joining us for our fourth quarter and full year 2024 earnings call. I'm Brian Robbins, and I'm joined here by my fellow co-CEOs, George Sheeks and Chris McCarthy. First, we want to say that our thoughts are with all those who have been impacted by the tragic LA fires. We will continue to support our teams and partners impacted for what we hope will be a rapid recovery process. Now turning to our financials, we are proud of the results we achieved for the full year, which reflect the progress we have made since becoming co-CEOs. 2024 demonstrated meaningful progress against our long-term goals, including significant improvement in D2C profitability, driven by continued top-line growth, powered by one of the strongest content slates in the industry, all while strengthening our balance sheet. Now, let me turn it over to Chris to provide more details on the year. Thanks, Brian, and good afternoon, everyone.

Disclaimer

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