ENGLISH

Paramount direct-to-consumer revenue up 82% year over year

Maribel Ramos-Weiner| May 6, 2022

Bob Bakish ViacomCBS

Paramount Global released the financial results for Q1 2022, where Paramount+ saw growth adding 6.8 million subscribers. Revenue in the company’s DTC business increased 82% (up to US$1 billion) due to a 59% jump in ad sales and a 95% increase in subscription revenues.

Total revenue fell about 1% to $7.33 billion in the first quarter, from US$7.4bn to US$7.3bn between January and March 2022. Net earnings fell slightly more, 52% from US $911 million in the first quarter of 2021 p to US$433 million in this latest report. This was due to increased investment in the company’s streaming services during the past period.

Earnings per share for investors was US$0.65, compared to US$1.46 last year, and well below what the conglomerate’s analyst estimated. During the day trading, Paramount Global shares on Wall Street saw a -1.29% in value.

As part of Paramount+’s expansion globally, CEO Bob Bakish said the service will launch in the UK and South Korea in June, while in India is expected in 2023.

Diario de Hoy

miércoles, 9 de octubre de 2024

Image

Pedro el escamoso: más escamoso que nunca de Caracol Televisión y Disney+ será la primera serie 100% colombiana en llegar al primetime de Univisión

Pedro El Escamoso Protagonistas
Image
UNO

Cantando 2024 arrancó por América TV de Argentina con 20,5% de share

Chiquis Sin Filtro stands out as the #1 show on ViX in the U.S.

El hormiguero arranca su temporada 19 por Antena 3 Internacional

El señor de los cielos 9 llegará a México y LatAm por ViX el 20 de septiembre

PERSONAJE DE LA SEMANA

Conductor Mario Kreutzberger Don Francisco

Premios PRODU Don Francisco
Image
UNO
Image
Image
Image
Image