Paramount Global Q2 DTC Subscribers At 64 Million; ‘Top Gun: Maverick’ Buoys Theatrical Revenue
04.08.2022 - 14:47
/ deadline.com
Paramount Global said Top Gun: Maverick powered a 126% surge in filmed entertainment revenue last quarter, surpassing Titanic to become the studio’s biggest domestic release of all time.
Total DTC subscribers rose to nearly 64 million, reflecting the removal of 3.9 million subscribers in Russia. Paramount+ Added 4.9 million subscribers.
The stock is down immediately following the report. Execs will hold a conference call at 8:30 ET.
“Paramount continues to build momentum with the assets, strategy and ability to compete—and win. said CEO Bob Bakish. “At the heart of that growth was our hugely popular content—from the cultural phenomenon and #1 movie in the world, Top Gun: Maverick, to the most popular show in the country, Yellowstone. Our deep and growing library of valuable IP, coupled with the strength of our best-in-class assets, ensures we are well-positioned to continue to maximize value for our shareholders.”
The company posted adjusted diluted EPS from continuing operations of 64 cents, down from 97 cents. Revenue of $7.8 billion was up from $6.5 billion.
MORE
Broadcast networks’ fall lineups and schedules
New and returning series on broadcast, cable and streaming
Series that made it or didn’t make it in 2021-22
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.