Jason's World

It seems that the Archegos scandal continues to color the perception of Paramount on Wall Street. Netflix’s P/E ratio is far higher than Paramount’s, despite Paramount’s streaming platform having much more momentum, in addition to being a dominant legacy media business. Not to mention that the expiration of Netflix’s debt load is coming in less than 10 years, and most of Paramount’s debt expires after 10 years.

With Paramount+’s momentum, it is entirely imaginable that the streaming service may be able to rival Netflix and Disney+ in the not-so-distant future. Maybe as Paramount+ begins to approach Netflix’s level, Paramount Global may finally able to have the same multipliers as Netflix.