Paramount's Q1 Earnings Soar, Streaming Leads the Way

Paramounts Q1 earnings soar, beating expectations with net profits at $168M, up from $152M last year. Revenue hit $7.35B, topping forecasts of $7.28B, and adjusted earnings per share came in at $0.23 against the predicted $0.15. Streaming led the charge with a 11% revenue increase and a $251M adjusted profit. Paramount Plus added 700K subscribers despite a price hike, reaching 79.6M total. Films also performed well, with an 11% revenue gain, thanks to Scream Sevens box office success. Traditional TV revenue dropped 6% but margins climbed, boosting adjusted profits 11%. The company maintained full-year goals and expects over $3B in savings from the Skydance merger by 2027. The Warner Bros. Discovery deal gained shareholder approval and is on track for a third-quarter close. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8f94a56a95b9e31a