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Sep 30, 2022
Paramount Q3 2022 Earnings Report
Paramount's Q3 2022 earnings were released, revealing a 5% increase in total company revenue driven by affiliate & subscription and theatrical revenue strength. Paramount+ added 4.6M subscribers, and total global DTC subscribers rose to nearly 67M. However, advertising revenue declined 2%, reflecting macroeconomic headwinds.
Key Takeaways
Paramount Global reported a 5% increase in revenue for Q3 2022. Paramount+ saw subscriber growth, adding 4.6M subscribers. Theatrical revenue increased significantly. However, advertising revenue faced a decline due to macroeconomic factors.
Paramount+ added 4.6M subscribers, growing revenue by 95%.
Total global Direct-to-Consumer (DTC) subscribers rose to nearly 67M.
Pluto TV maintained its lead as the #1 free ad-supported streaming TV service in the U.S., reaching 72M monthly active users (MAUs) globally.
Affiliate & Subscription and Theatrical Revenue Strength Drove 5% Increase in Total Company Revenue.
Revenue by Segment
Forward Guidance
Paramount is enthusiastic about the content coming to Paramount+ in Q4, along with the launch of the service in France, Germany, Austria, and Switzerland.
Positive Outlook
- Excited about the array of sensational content coming to Paramount+ in the fourth quarter
- Looking forward to the launch of the service in France
- Looking forward to the launch of the service in Germany
- Looking forward to the launch of the service in Austria
- Looking forward to the launch of the service in Switzerland
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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