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Dec 31, 2023
Paramount Q4 2023 Earnings Report
Paramount's Q4 2023 earnings were reported, with Paramount+ showing strong growth in revenue and subscribers, while the company focuses on streaming profitability and cost transformation.
Key Takeaways
Paramount reported Q4 2023 earnings, highlighting a 69% increase in Paramount+ revenue and the addition of 4.1 million subscribers, reaching a total of 67.5 million. The company generated $558 million in net operating cash flow and $443 million in free cash flow. Paramount anticipates significant earnings growth in 2024 and expects Paramount+ to achieve domestic profitability in 2025.
Paramount+ revenue increased by 69% year-over-year.
Paramount+ subscribers reached 67.5 million with 4.1 million net additions.
DTC Adjusted OIBDA improved for the third consecutive quarter.
The company expects to reach domestic Paramount+ profitability in 2025.
Revenue by Segment
Forward Guidance
Paramount expects to deliver significant total company earnings growth in 2024 and reach Paramount+ domestic profitability in 2025.
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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