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Dec 31, 2022
Paramount Q4 2022 Earnings Report
Paramount's Q4 2022 earnings were impacted by investments in content and restructuring charges, but Paramount+ added a record number of subscribers.
Key Takeaways
Paramount's Q4 2022 earnings report revealed a mixed performance. While the company saw revenue growth and a significant increase in Paramount+ subscribers, operating income decreased substantially due to increased costs and expenses. The company's multiplatform strategy showed success, but investments in content and international expansion impacted adjusted OIBDA.
Paramount+ added a record 9.9M subscribers in Q4, reaching nearly 56M subscribers.
Global Direct-to-Consumer (DTC) subscribers rose to more than 77M.
TV Media adjusted OIBDA grew 5% year-over-year despite macro headwinds.
Paramount Pictures had six films open at #1 in the U.S. box office in 2022.
Paramount
Paramount
Paramount Revenue by Segment
Revenue by Segment
TV Media Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.comFilmed Entertainment Revenue
CapyFin.com Forward Guidance
Paramount expects to return to earnings growth in 2024, driven by its content and platform strategy.
Positive Outlook
- Exceptional content is expected to drive growth.
- Paramount+ subscriber growth is expected to continue.
- The company's multiplatform strategy is expected to drive growth.
- Paramount Pictures is expected to continue to release successful films.
- The company's content and platform strategy is working.
Revenue & Expenses
Visualization of income flow from segment revenue to net income