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Mar 31, 2025
Paramount Q1 2025 Earnings Report
Paramount reported solid Q1 2025 results with strong gains in streaming and improved profitability across segments.
Key Takeaways
Paramount delivered a profitable quarter supported by subscriber growth in Paramount+, strong engagement metrics, and a rebound in Filmed Entertainment led by Sonic the Hedgehog 3. Despite a revenue dip driven by Super Bowl comparison effects, operational improvements led to positive net income and cash flow.
Paramount+ grew to 79 million subscribers with improved churn and engagement.
Net income reached $152 million, reversing last year’s loss.
Direct-to-Consumer revenue increased 9% year-over-year.
Filmed Entertainment saw revenue growth driven by Sonic the Hedgehog 3 and Novocaine.
Revenue by Segment
Forward Guidance
Management expects continued DTC growth and profitability progression, while Skydance transactions are anticipated to close in H1 2025.
Positive Outlook
- Streaming profitability remains on track for domestic breakeven in 2025.
- Paramount+ momentum continues with growing subs and engagement.
- Improved churn metrics for Paramount+.
- Skydance merger expected to bring strategic benefits.
- TV Media licensing revenue grew despite Super Bowl comparison.
Challenges Ahead
- Total revenue decreased 6% year-over-year due to tough comps.
- TV Media ad revenue was down 21% including Super Bowl effect.
- Affiliate and subscription revenue declined 9% in TV Media.
- Adjusted OIBDA dropped 30% year-over-year.
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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