Investor Relations

“Fellow shareholders,

A year ago, we laid out our three north star priorities that would guide the new Paramount:

• Investing in our growth businesses anchored by our creative engines and superior storytelling
• Scaling our direct-to-consumer business globally
• Driving efficiency enterprise-wide with a focus on long-term free cash flow generation

Looking back on the past twelve months, I’m incredibly proud of how our team has turned those priorities into measurable progress, reflecting their talent, hard work, and dedication."