Paramount+ Growth Drives Streaming Revenue Gains While TV Ads Decline

Paramount+ added 700,000 subscribers to reach 61 million total amid its rebrand and first price hike.
The company's streaming division revenue grew 40% year-over-year, narrowing losses to $424 million.
TV advertising revenue fell 10% amid broader industry declines.
Upcoming slate adjustments due to ongoing Hollywood strikes aim to minimize viewer disruption.
Film revenue dropped with this year lacking a major theatrical blockbuster like Top Gun: Maverick.