“Paramount+ captured the most sign-ups, gross and net subscriber additions of any premium domestic streaming service in the quarter according to Antenna’s June 2022 Report,” Paramount touted in its earnings report
Adjusted operating income before depreciation and amortization for Paramount’s second quarter fell 22 percent to $963 million amid increased streaming investments. Quarterly net earnings from continuing operations dropped from $995 million in the year-ago period to $358 million.
The company detailed in its results that its Paramount+ streaming platform added 4.9 million subscribers in the March-June period, partially offset by the removal of 1.2 million Russia subscribers, to hit “over 43 million” subscribers, compared with around 39.6 million as of the end of March. . “Paramount+ subscriber growth was partially driven by successful
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