• Paramount Global average gross margin for 2023 was 32.8%, a 5.67% increase from 2022.
• Paramount Global average gross margin for 2022 was 34.77%, a 12.77% decline from 2021.
• Paramount Global average gross margin for 2021 was 39.86%, a 2.6% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.