Paramount Global unveiled its first-quarter financial results Thursday as controlling shareholder National Amusements, led by Shari Redstone, looks to close the sale of the Hollywood studio to David Ellison’s Skydance.
During the latest quarter to March 31, the company hit 79 million Paramount+ streaming subscribers worldwide, up 11 percent year-on-year and from 77.5 million Paramount+ customers at the end of its fourth quarter of 2024. The company added 1.5 million Paramount+ subscribers during the past three months, against 5.6 million brought on board during the fourth quarter of 2024.
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And the studio posted a streaming loss of $109 million for the first quarter, an improvement over a $286 million loss in the fourth quarter of 2024. Direct-to-consumer revenue rose 9 percent to $2.04 billion, as advertising revenue fell 9 percent to $473 million, while subscription revenue rose 16 percent to $1.57 billion, driven
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