Paramount Q2 Profit Dips as Streaming Gains Offset TV Declines

Paramount reported Q2 net earnings of $41 million (4 cents a share) on revenue of $6.91 billion, up 1% from a year earlier, as streaming and film production offset a 9% decline in TV ad revenue. Streaming revenue rose 9% to $2.5 billion, with Paramount+ up 16% and about 2 million new subscribers, while TV revenue fell to $3.12 billion. Studios revenue rose 16% to $1.3 billion. The company projects Q3 revenue growth of 4%-7% to roughly $6.95–$7.15 billion and remains optimistic about closing the Warner Bros. Discovery deal despite legal delays.