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Paramount+ Nets 5.6 Million Subs in Q4, Company Sees Loss on Surge in Operating Costs
Paramount notched 5.6 million new subscribers in the fourth quarter but reported a loss for the period due to a surge in operating costs
Paramount Global said it swung to a loss in the fourth quarter, as a surge in costs tied to content and restructuring offset robust performance by the media conglomerate’s film and streaming operations. The owner of CBS, Comedy Central and the Paramount film studio said fees tied to restructuring and its looming acquisition by Skydance Media increased during the period, as did operating costs. Paramount+ “added 10 million new subscribers and delivered a 33% increase in revenue, which gives us great confidence Paramount+ will achieve full year domestic profitability for 2025,” the company’s three CEOs, George Cheeks, Chris McCarthy and Brian Robbins, said in a prepared statement.
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