Reports Q4 revenue $8.13B, consensus $8.16B. President and CEO Bob Bakish said: "Paramount continues to demonstrate the success of its global multiplatform strategy, with popular content at its core. Nowhere was this more evident than in the growth of Paramount+, which added a record 9.9M subscribers in the fourth quarter, driven by hit content like Top Gun: Maverick, 1923 and Criminal Minds: Evolution. In addition, in 2022, Paramount Pictures had 6 films open at #1 in the U.S. box office and Paramount regained its position as the most-watched media family in linear television. Our content and platform strategy is working and, with even more exceptional content coming this year, we expect to return the company to earnings growth in 2024." Global DTC subscribers rose to more than 77M. Paramount+ subscribers grew to nearly 56M following a record quarterly increase of 9.9M subscribers. luto TV increased global MAUs by 6.5M in the quarter driven by growth in all markets and expansion into Canada.
Published first on TheFly
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