Posted 2/28/2024, 10:18:45 PM
Paramount+ Subscribers Surge to 67.5M as Company Forecasts Streaming Profitability by 2025
- Paramount+ streaming service hit 67.5 million global subscribers, up 4.1 million from last quarter
- Paramount posted $514M in net earnings for Q4, swinging from $21M loss a year earlier
- Streaming division loss shrank to $490M, down from $575M a year ago
- CEO forecasts "significant total company earnings growth" in 2024 and Paramount+ profitability in 2025
- CFO predicts lower programming spending for streaming services and slower but still "very healthy" revenue growth