Paramount+ Grew Revenue 47% And Reached Approximately 61M Subscribers
Portfolio Pulse from Benzinga Newsdesk
Paramount+ has reported a 47% increase in revenue and has reached approximately 61 million subscribers.
August 07, 2023 | 8:02 pm
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POSITIVE IMPACT
Paramount+ has reported significant growth, which could positively impact the stock of its parent company, PARA.
The reported growth in revenue and subscribers for Paramount+ indicates a strong performance, which could lead to an increase in the stock price of its parent company, PARA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The growth of Paramount+ could also have a positive impact on the stock of related company, PARAA.
As a related company, PARAA could also see a positive impact on its stock price due to the success of Paramount+.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80