Paramount+ Turning Profitable This Year
Paramount+ should be profitable this year, Paramount Global said Wednesday as it announced Q4 2024 results. It said the streaming service added 10 million subscribers in 2024, ending the year with 77.5 million. Viewing hours across its Paramount+ and Pluto…
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TV streaming services were up 28% year over year. The company said it saw revenue of $8 billion in the quarter, compared with $7.6 billion in the same quarter a year earlier. TV revenue was down slightly, due to fewer sporting events on CBS and a softer linear TV advertising market. The company also said it expects the Skydance Media deal to close in the first half of the year.