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.
Management expects continued DTC growth and profitability progression, while Skydance transactions are anticipated to close in H1 2025.
Visualization of income flow from segment revenue to net income
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