Paramount Q4 2022 Earnings Report
Key Takeaways
Paramount's Q4 2022 earnings report revealed a mixed performance. While the company saw revenue growth and a significant increase in Paramount+ subscribers, operating income decreased substantially due to increased costs and expenses. The company's multiplatform strategy showed success, but investments in content and international expansion impacted adjusted OIBDA.
Paramount+ added a record 9.9M subscribers in Q4, reaching nearly 56M subscribers.
Global Direct-to-Consumer (DTC) subscribers rose to more than 77M.
TV Media adjusted OIBDA grew 5% year-over-year despite macro headwinds.
Paramount Pictures had six films open at #1 in the U.S. box office in 2022.
Paramount
Paramount
Paramount Revenue by Segment
Forward Guidance
Paramount expects to return to earnings growth in 2024, driven by its content and platform strategy.
Positive Outlook
- Exceptional content is expected to drive growth.
- Paramount+ subscriber growth is expected to continue.
- The company's multiplatform strategy is expected to drive growth.
- Paramount Pictures is expected to continue to release successful films.
- The company's content and platform strategy is working.
Revenue & Expenses
Visualization of income flow from segment revenue to net income