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Paramount earnings, revenue beat expectations as streaming business offers a boost
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Paramount earnings, revenue beat expectations as streaming business offers a boost

CNBCΒ·Lillian RizzoΒ·28 days ago
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An aerial view of the Paramount logo on the water tower at Paramount Studios on Feb. 23, 2026, in Los Angeles. Justin Sullivan | Getty Images Paramount Skydance topped Wall Street's revenue and earnings estimates for the first quarter on Monday, as the media company got a boost from its streaming and film businesses. The company reported nearly $7.35 billion in first-quarter revenue, up 2% from the prior year, and lifted by the overall streaming business β€” which includes Paramount+, as well as BET+ and the free, ad-supported service, Pluto. Revenue for the streaming unit grew 11% to $2.4 billion compared to the same period last year. Paramount+, the flagship of the company's streaming portfolio, added 700,000 subscribers during the quarter and grew revenue 17% year over year. In total, Paramount+ had nearly 80 million subscribers, with the most recently quarterly growth coming despite price hikes on Paramount+ plans in January, the platform's first since August 2024.…

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