Paramount Hit 62M Total Global Streaming Subscribers In Q1, Paramount+ Added 6.8M
+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs.
“Our differentiated playbook – including a broad content line up, a streaming business model that spans ad-supported and subscription, and a global portfolio that links streaming with theatrical and television – drove strength across our entire ecosystem… Our strategy is working and our execution is strong, as we remain focused on delivering a great experience for consumers and a compelling financial model to our shareholders.”Paramount+ total subscribers reached almost 40M.
There are now significant jitters about the heavy investment required for a business that may not grow as fast or become as profitable as quickly as previously hoped, even as a cloud continues to linger over prospects for media television assets. Angst was triggered by unexpected sub declines reported by market leader Netflix last month.
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