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Sep 30, 2020

Paramount Q3 2020 Earnings Report

ViacomCBS reported strong growth in streaming and digital video revenue and domestic streaming subscribers increased.

Key Takeaways

ViacomCBS reported Q3 2020 earnings with strong growth in streaming, domestic subscribers rising to 17.9M, up 72% year-over-year, and Pluto TV domestic MAUs increasing to 28.4M, up 57% year-over-year.

Domestic Subscribers Rising to 17.9M, up 72% Year-Over-Year

Pluto TV Domestic MAUs Increasing to 28.4M, up 57% Year-Over-Year

Subscription Streaming Revenue and Digital Accelerated Video Revenue to 78% to and $636M

Affiliate Revenue, up 10% Year-Over-Year

Total Revenue
$6.12B
Previous year: $6.48B
-5.6%
EPS
$0.91
Previous year: $1.02
-10.8%
Adjusted OIBDA
$1.11B
Gross Profit
$2.48B
Previous year: $1.22B
+103.9%
Cash and Equivalents
$3.09B
Previous year: $196M
+1474.5%
Free Cash Flow
$1.33B
Previous year: -$7M
-19142.9%
Total Assets
$51.4B
Previous year: $24.5B
+110.1%

Paramount

Paramount

Paramount Revenue by Segment

Forward Guidance

ViacomCBS is on track to debut Paramount+ in early 2021 as a differentiated offering spanning live sports, breaking news and a mountain of entertainment, including new and franchise-based originals.

Revenue & Expenses

Visualization of income flow from segment revenue to net income