Earnings Reports

Paramount Sees Streaming Success, TV Declines in Third Quarter

The media network posted a second consecutive quarter of profit as it continues its acquisition process

Image of Paramount sign.
Paramount Global agreed to be acquired by Skydance Media in July. PATRICK T. FALLON/AFP via Getty Images
Mark_Stenberg
By Mark Stenberg

The numbers

$49 million — Paramount notched an operating profit of just $49 million—barely above breakeven—but it’s the second quarter in a row of profitability for the network.

$6.73 billion — Paramount netted a total of $6.73 billion in sales, which was short of the estimated $6.94 billion it was anticipated to bring in and down from the $7.13 billion it brought in this quarter last year.

72 million — Paramount added 3.5 million new subscribers to Paramount+, bringing its total to 72 million.

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Mark_Stenberg

Mark Stenberg

Mark Stenberg is Adweek's senior media reporter.

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