Paramount+ Revenue Up 51% Y/Y and Reached More Than 71M Global Subscribers, With 3.7M Net Additions In The Quarter
Portfolio Pulse from Benzinga Newsdesk
Paramount+ reported a 51% year-over-year revenue increase and surpassed 71 million global subscribers, adding 3.7 million net subscribers in the quarter.
April 29, 2024 | 8:10 pm
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POSITIVE IMPACT
Paramount+ revenue growth of 51% Y/Y and a subscriber base now over 71M with 3.7M new additions likely indicate strong performance and market acceptance.
The significant revenue growth and increase in subscriber numbers directly reflect on Paramount+'s market performance and consumer acceptance. This positive news is likely to instill investor confidence in PARA, potentially leading to a short-term uptick in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100