Paramount Q3 2022 Earnings Report
Key Takeaways
Paramount Global reported a 5% increase in revenue for Q3 2022. Paramount+ saw subscriber growth, adding 4.6M subscribers. Theatrical revenue increased significantly. However, advertising revenue faced a decline due to macroeconomic factors.
Paramount+ added 4.6M subscribers, growing revenue by 95%.
Total global Direct-to-Consumer (DTC) subscribers rose to nearly 67M.
Pluto TV maintained its lead as the #1 free ad-supported streaming TV service in the U.S., reaching 72M monthly active users (MAUs) globally.
Affiliate & Subscription and Theatrical Revenue Strength Drove 5% Increase in Total Company Revenue.
Paramount
Paramount
Paramount Revenue by Segment
Forward Guidance
Paramount is enthusiastic about the content coming to Paramount+ in Q4, along with the launch of the service in France, Germany, Austria, and Switzerland.
Positive Outlook
- Excited about the array of sensational content coming to Paramount+ in the fourth quarter
- Looking forward to the launch of the service in France
- Looking forward to the launch of the service in Germany
- Looking forward to the launch of the service in Austria
- Looking forward to the launch of the service in Switzerland
Revenue & Expenses
Visualization of income flow from segment revenue to net income