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Mar 31, 2024
Paramount Q1 2024 Earnings Report
Paramount's Q1 2024 earnings were reported, with total revenue increasing by 6% and Paramount+ subscribers reaching over 71 million. The company focused on execution and transforming its cost base.
Key Takeaways
Paramount reported a solid first quarter in 2024, marked by a 6% increase in total revenue and significant growth in Paramount+ subscribers, which surpassed 71 million. The Direct-to-Consumer segment showed improved adjusted OIBDA, and total advertising revenue rose by 17%. The company generated $260 million in net operating cash flow and $209 million in free cash flow.
Paramount+ increased revenue by 51% year-over-year and reached more than 71 million global subscribers.
Direct-To-Consumer adjusted OIBDA improved year-over-year for the 4th consecutive quarter.
Total advertising revenue rose 17%, and total company revenue increased 6%.
The company generated $260 million of net operating cash flow and $209 million of free cash flow in Q1.
Revenue by Segment
Forward Guidance
Paramount remains focused on execution and transforming its cost base to best position Paramount for the future.
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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