A new doctor’s coming to Grey’s Anatomy as Skylar Astin (Zoey’s Extraordinary Playlist) joins the long-running ABC drama in a recurring role.
ViacomCBS Misses Q4 Earnings Forecast But Adds Record 9.4M Streaming Subscribers To Hit 56M
16.02.2022 - 00:13 / deadline.com
ViacomCBS badly missed Wall Street forecasts for earnings per share in the fourth quarter, but added a record 9.4 million streaming subscribers and smashes revenue projections.
Wall Street analysts had expected earnings of 43 cents, but they came in at 26 cents on an adjusted, diluted basis compared with $1.04 in the year-earlier quarter.
Revenue of $8 billion, though, far outdistanced estimates for $7.51 billion, climbing 16%.
The streaming gains were led by Paramount+, which added 7.3 million subscribers to get to 32.8 million by the December 31 end of the quarter.
The company delivered the numbers minutes before raising the curtain on a two-and-a-half hour virtual presentation to investors. Similar to one held a year ago, as the company was preparing to take the wraps off the rebranded and expanded Paramount+, the event will feature a roster of executives talking through aspects of the company’s streaming strategy.
The subscriber numbers follow the company’s report last November that it had the biggest week since the March 2021 rebrand and expansion of CBS All Access as Paramount+, adding 1 million new subscribers.
Two major programming elements in the quarter were Yellowstone and NFL football. The former’s fourth season drew 8 million viewers for its premiere last November and that grew to a record 9.3 million, defying gravity and becoming that rarest of things: event viewing of the scripted variety.
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deadline.com
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variety.com
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deadline.com
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deadline.com
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variety.com
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dailyrecord.co.uk
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etcanada.com
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Packers QB Aaron Rodgers Earns 4th MVP Award, 2nd In A Row
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