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Jun 30, 2023
Paramount Q2 2023 Earnings Report
Paramount's Q2 2023 earnings were released, revealing a mix of challenges and growth opportunities. The company focused on scaling streaming platforms and maximizing traditional business, aiming for significant earnings growth in 2024.
Key Takeaways
Paramount's Q2 2023 earnings showed a revenue of $7.616 billion. Paramount+ subscribers reached approximately 61M. The company is focusing on streaming platforms and traditional business to achieve earnings growth in 2024.
Paramount+ revenue grew by 47% year-over-year.
Total DTC ad revenue increased by 21%.
Global viewing hours on Paramount+ and Pluto TV were up 35% year-over-year.
TV Media continued to contribute significant earnings.
Revenue by Segment
Forward Guidance
Paramount is focusing on scaling its streaming platforms, maximizing traditional business, and building a sustainable business model to return the company to significant earnings growth in 2024.
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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