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Mar 31, 2021
Paramount Q1 2021 Earnings Report
ViacomCBS reported strong Q1 2021 earnings, driven by substantial growth in global streaming revenue and subscribers, as well as solid performance in advertising and affiliate businesses.
Key Takeaways
ViacomCBS reported a strong first quarter in 2021, marked by a 14% increase in revenue, driven by a 65% surge in global streaming revenue. The company added 6 million global streaming subscribers, reaching a total of 36 million, fueled by the momentum of Paramount+. Advertising revenue, excluding streaming, grew by 21%, and affiliate revenue increased by 5%.
Global streaming revenue increased by 65% year-over-year, driven by user growth and monetization.
6 million global streaming subscribers were added, reaching a total of 36 million subscribers, boosted by Paramount+.
Global Pluto TV MAUs increased by 6 million to reach nearly 50 million.
Advertising revenue, excluding streaming, grew by 21% year-over-year, driven by CBS' broadcasts of Super Bowl LV and NCAA Tournament games.
Paramount
Paramount
Paramount Revenue by Segment
Revenue by Segment
TV Media Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.comFilmed Entertainment Revenue
CapyFin.com Forward Guidance
ViacomCBS is focused on expanding its streaming services, particularly Paramount+, with plans to increase the availability of live sports, original series, and blockbuster movies throughout the year. The company aims to leverage its broad content offerings and partnerships to drive further growth in streaming subscribers and revenue.
Positive Outlook
- Continued expansion of Paramount+ with new content and features.
- Leveraging live sports and special events to attract subscribers.
- Growing global Pluto TV MAUs through international expansion.
- Focusing on original programming and content from cable brands to drive subscriber engagement.
- Capitalizing on the power of advertising and affiliate businesses to reach audiences globally.
Challenges Ahead
- Potential impact of changes in consumer behavior and evolving technologies.
- Increased costs for programming, films, and other rights.
- Competition for content, audiences, advertising, and distribution.
- Potential for loss of carriage or other reduction in the distribution of content.
- Evolving business continuity, cybersecurity, privacy, and data protection risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income