Today Paramount announced that its streaming service Paramount+ added 9.9 million subscribers in the 4th quarter of 2022. This brings the total number of subscribers to Paramount+ to over 77 million.
“Paramount continues to demonstrate the success of its global multiplatform strategy, with popular content at its core. Nowhere was this more evident than in the growth of Paramount+, which added a record 9.9M subscribers in the fourth quarter, driven by hit content like Top Gun: Maverick, 1923 and Criminal Minds: Evolution. In addition, in 2022, Paramount Pictures had 6 films open at #1 in the U.S. box office and Paramount regained its position as the most-watched media family in linear television. Our content and platform strategy is working and, with even more exceptional content coming this year, we expect to return the company to earnings growth in 2024.” Said Bob Bakish President and CEO of Paramount.
Paramount saw revenue grow 2% overall in 2022. Streaming service revenues were up 30%, helping offset a 7% loss in TV revenue. Filmed entertainment grew 35% in 2022.
“According to Antenna, since launch Paramount+ is the #1 premium streaming service in domestic sign-ups and gross subscriber additions, and had the most sign-ups in 2022″ Paramount said in their 4th quarter earnings letter.