E
Paramount Plus gained 2.7 million subscribers over the past few months.
After raising its prices and merging with Showtime, Paramount Plus gained more subscribers and saw shrinking losses this quarter. During an earnings call on Thursday, Paramount CEO Bob Bakish said this quarter represented a “significant step:”
We’re clearly advancing on the path to streaming profitability, and this continued DTC [direct-to-consumer] improvement will be a key driver of the total company earnings growth we expect next year.
The streaming service now has 63 million global subscribers, while Paramount’s streaming division, which includes Paramount Plus and the free-to-stream PlutoTV, lost $238 million this quarter — far less than the $438 million predicted by analysts.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Midjourney goes from generating cat images to full-body ultrasound scans
- This robotic self-driving toilet comes to you
- Barret Zoph is out at OpenAI again after just five months
- Apple’s weird anti-nausea dots cured my car sickness
- Amazon employees say they’re facing termination for backing data center limits
