Paramount Global reported its fourth-quarter financial results on Wednesday with a streaming loss posted ahead of a sale of the studio to Skydance Media.
The Hollywood conglomerate earlier said the seasonal timing of content and marketing expenditures would produce a loss for the streaming business in the fourth quarter, even as domestic profitability for its Paramount+ streaming platform is forecast in 2025. For the direct-to-consumer segment, which includes Pluto TV and BET+, Paramount posted an adjusted OIBDA loss of $286 million for the latest financial quarter, an improvement from the $490 million adjusted OIBDA loss in the same period of 2023.
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For the full year, Paramount reported a $1.2 billion improvement in the DTC adjusted OIBDA to a loss of $497 million. The studio forecast continuing streaming subscriber growth in the current first quarter of 2025, but at a slower pace given
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