Paramount+ Revenue Grew 61%, Subscribers Reached Over 63M; Net Additions 2.7M In Q3
Portfolio Pulse from Benzinga Newsdesk
Paramount+ reported a 61% increase in revenue and reached over 63 million subscribers in Q3. The company also added 2.7 million new subscribers during the same period.
November 02, 2023 | 8:06 pm
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POSITIVE IMPACT
Paramount+ reported strong Q3 results with a significant increase in revenue and subscriber count, which could positively impact the company's stock.
The strong Q3 results reported by Paramount+ indicate a healthy growth in the company's revenue and subscriber base. This positive financial performance is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100