I think that Paramount Global (former Viacomcbs) is one of the most hated stocks at this time,
Let's compare it to Netflix.
Revenue: PARA: 8B$ - NFLX: 7.7B$
Cash on hand: PARA: 6.3B$ - NFLX: 6B$
Long Term Debt: PARA: 17.7B$ - NFLX: 18B$
2 days ago PARA confirmed a 2B$ debt (due in 2024) redemption. That means they are going to save more than 90M$ per year (around 180M$ in total in 2 years)
Paramount subscribers increased by 9.3M - NFLX subscribers increased by 8.3M$
PARA business looks in a good expansion, NFLX expansion is decreasing.
So, why is NFLX, today market value around 10X PARA market value? It makes no sense, as most of this market.
Consider also that PARA has 3 types of business now. Linear TV (ads supported and free), ads supported streaming (cheaper), and no ads streaming (a bit more expensive) - NFLX has just the 100% no ads supported streaming
The ads supported TV can generate the money to support and push the streaming investments. This is something that Netflix cannot do.
So, at this time, PARA is a growth story with lower valuation parameters than Walmart or even Coke and Mc Donalds!