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Paramount Global Sees Ad Boost From Super Bowl, Paramount+ Passes 71 Million Subs In Q1, ‘Mean Girls’ & ‘Bob Marley’ Buoy Studio
Paramount has just unleashed its first quarter financials with although all eyes are on a shakeup in the C-suite. Revenue was higher across the board, albeit a hair shy of Wall Street expectations. Operating losses narrowed After a bleak Q4, advertising jumped 17%, buoyed by Super Bowl XVIII on CBS in February. The studio had […]
The company has promised that streaming losses peaked in 2022 and that it expects the business to turn a profit domestically in 2025. It’s fourth in line in terms of subs among big streamers Netflix, Disney/Hulu and Max and would be the last to pull into the black – one of several reasons controlling shareholder Shari Redstone has been considering a deal. Skydance delivered what’s said to be its last and final offer for Paramount after a furious response by shareholders in recent weeks over the outlines of its first proposal.
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