Paramount Reports Q4 Net Loss

Paramount recently reported a net loss of $224 million in the fourth quarter, despite a 5 percent increase in revenues, which reached $8 billion. The company’s co-CEOs, George Cheeks, Chris McCarthy, and Brian Robbins, expressed pride in the progress Paramount has made as it transitions into a streaming-first company.

In 2024, Paramount saw a significant improvement in direct-to-consumer profitability, with a $1.2 billion increase. Paramount+ added 10 million new subscribers and experienced a 33 percent rise in revenue. The platform achieved record engagement levels in Q4, becoming the second most-watched domestic SVOD service for original series.

TV media revenues decreased by 4 percent to $5 billion, with ad revenues falling by 4 percent and affiliate revenues dropping by 7 percent. On the other hand, DTC revenues saw an 8 percent increase to $2 billion. Paramount+ gained 5.6 million subscribers in Q4, reaching a total of 77.5 million.

Filmed entertainment revenues saw an impressive 67 percent increase to $1.1 billion. Additionally, Paramount’s Skydance merger is expected to be finalized in the first half of 2025.

Overall, Paramount’s focus on streaming content and the growth of Paramount+ have been key drivers of its recent success. The company’s dedication to innovation and strong creative partnerships have played a crucial role in achieving these milestones.