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"Paramount+ Surpasses Subscriber Expectations, Narrows Streaming Losses"

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Source: Hollywood Reporter
"Paramount+ Surpasses Subscriber Expectations, Narrows Streaming Losses"
Photo: Hollywood Reporter
TL;DR

Paramount+ reaches 67.5 million subscribers, with a streaming loss shrinking to $490 million, as the company expects profitability domestically in 2025 and significant earnings growth in 2024. The studio's first-quarter net earnings were $514 million, with a smaller streaming loss and increased advertising and subscription revenue. Paramount is adapting to changing TV viewing habits and considering strategic options, including potential partnerships and acquisitions, as it navigates a consolidating marketplace.

Topics:businessbusiness-entertainment#business-entertainment#earnings#paramount#streaming#subscribers#wall-street
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  1. Paramount+ Hits 67.5M Subscribers As Streaming Loss Shrinks to $490M  Hollywood Reporter
  2. Paramount falls short of revenue expectations but posts surprise profit, strong streaming results  CNBC
  3. Paramount Q4 Sees Downturn in TV, Movies, But Narrows Streaming Loss  Variety
  4. Paramount Global Q4 Earnings Nip Wall Street Forecasts But Ad Decline Hits Revenue; Company Projects Domestic Streaming Profit By 2025  Deadline
  5. Paramount needs a strong Q4 to turn things around  Yahoo Finance

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