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Mar 31, 2023
Paramount Q1 2023 Earnings Report
Paramount's Q1 2023 earnings were reported, with Paramount+ reaching 60M subscribers and DTC revenue growing 39% year-over-year.
Key Takeaways
Paramount's Q1 2023 results showed strength in its content engine, driving momentum across streaming, television, and theatrical. Paramount+ reached 60 million subscribers, and Pluto TV hit 80 million MAUs. However, the company reported a GAAP diluted EPS loss of $1.81 and an operating loss of $1,226 million.
Paramount+ reached 60 million subscribers, adding 4.1 million in the quarter.
Total Direct-to-Consumer (DTC) revenue grew 39% year-over-year.
CBS is poised to claim the #1 spot in broadcast for the 15th straight season.
Quarterly cash dividend reduced to $0.05 per share.
Revenue by Segment
Forward Guidance
Paramount is focused on driving market-leading streaming growth while navigating a dynamic macroeconomic environment and moving toward streaming profitability.
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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