Paramount Reports $286M Quarterly Streaming Loss Despite Subscriber Growth

The company added 5.6 million Paramount+ subscribers in Q4 but faced challenges from declining cable TV revenue and restructuring costs.

Paramount Global reported a $286 million adjusted OIBDA loss in its direct-to-consumer segment for Q4, an improvement from $490 million in the same period of 2023.
The Paramount+ streaming platform gained 5.6 million subscribers during the quarter, surpassing estimates and bringing its total to approximately 77.5 million.
Overall company revenue increased by 5% year-over-year to $7.98 billion, though it missed analysts' expectations of $8.10 billion.
Traditional TV revenue, the company's largest division, declined by 4% due to falling ad sales and linear TV subscriptions.
The Skydance Media acquisition is on track to close in the first half of 2025, as Paramount continues its shift toward a streaming-focused business model.