Paramount+ Adds 1.5 Million Q1 Subs, Ends Quarter With 79 Million Global Subs

Paramount+ Added 1.5 Million Subscribers in Q1 While Cable Channels Saw a Drop in Revenue

Today, Paramount released its first quarter financial results. The report shows a 13% drop in revenue for TV Media (including CBS, MTV, BET, Paramount, and Nickelodeon) and a 9% increase in revenue for Direct to Consumer (including Paramount+, BET+, and Pluto TV.) The company highlighted the subscriber growth of Paramount+ as a major revenue driver. […] The post Paramount+ Added 1.5 Million Subscribers in Q1 While Cable Channels Saw a Drop in Re…

DTC Gains for Paramount Global - WORLD SCREEN

Direct-to-consumer was a bright spot in Paramount Global's first quarter, with revenues rising 9 percent as Paramount+ expanded its base to 79 million subs. The post DTC Gains for Paramount Global appeared first on WORLD SCREEN.

Paramount+ subscriber growth might not last

Paramount+ added another 1.5 million subscribers during the quarter ahead of an anticipated drop in Q2. The streaming service now has 79 million subscribers globally, but the end of an international bunding agreement is expected to reduce numbers. In this quarter there were improvements in churn, ARPU and scaling revenue. Revenues for the direct-to-consumer business increased by 9% year-on-year, advertising was down by the same amount, largely d…

Paramount+ Adds 1.5 Million Q1 Subs, Ends Quarter With 79 Million Global Subs

Paramount Global May 8 reported that it added 1.5 million paid subscribers to its Paramount+ streaming service in the first quarter ended March 31. The platform ended the fiscal period with 79 million subs globally, up 11% from 71 million subs in the previous year period. The direct-to-consumer streaming business unit narrowed the quarterly operating … Continue reading "Paramount+ Adds 1.5 Million Q1 Subs, Ends Quarter With 79 Million Global Sub…