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Mar 31, 2022
Paramount Q1 2022 Earnings Report
Paramount's Q1 2022 earnings were impacted by the comparison to CBS's broadcast of Super Bowl LV in the year-ago period, but demonstrated strong growth in direct-to-consumer revenue and Paramount+ subscribers.
Key Takeaways
Paramount Global reported a 1% decrease in revenue, which included a 6 percentage point impact from CBS's broadcast of Super Bowl LV in the year-ago period. Excluding the Super Bowl comparison, Q1 revenue grew 5%. The company's direct-to-consumer business showed strong growth, with revenue up 82% year-over-year and 6.8 million Paramount+ subscriber additions.
Total global streaming subscribers grew to over 62M, driven by 6.8M Paramount+ subscriber additions.
DTC revenue increased 82% year-over-year to $1.1 billion.
Subscription revenue grew 95% year-over-year, fueled by Paramount+.
Advertising revenue increased 59% year-over-year, driven by Pluto TV.
Revenue by Segment
Forward Guidance
This communication contains both historical and forward-looking statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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