Overview

• Paramount+ added 3.5 million subscribers in Q3 2024, reaching a total of 72 million.
• The streaming unit reported an adjusted operating income of $49 million, a significant improvement from a $238 million loss a year ago.
• Paramount Global's overall revenue fell 6% to $6.73 billion, missing estimates due to underperforming films and cable TV subscriber losses.
• Cost-cutting measures aim to achieve $500 million in savings, with 90% of the target already met.
• Despite streaming success, Paramount anticipates a Q4 loss due to content and marketing expenses but expects profitability by 2025.