Paramount Global added 3.5 million new subscribers to broadband services like Paramount+ in its third quarter, but those gains failed to offset meaningful declines in its larger TV and film businesses.

Paramount Global has posted lower year-on-year revenue in Q3, but Paramount+ added 3.5 million subscribers as DTC profit hit $49 million.

Paramount Global delivered better-than-expected earnings in Q3 2024, driven by strong streaming growth, despite challenges in traditional segments.

(Reuters) -Paramount Global surpassed quarterly profit estimates on Friday as the media giant benefited from cost controls and stronger-than-expected growth in streaming subscribers after the return of NFL.

Paramount Global posted mixed Q3 numbers as its TV and film divisions slipped, but there was solid subscription growth and profits for streaming service Paramou

Paramount posted a second consecutive quarter of streaming profit, though it did not come without some pain. This article, Paramount adds 4 million streaming subscribers during Q3, was first published at The Desk.

The Paramount streamer saw revenue grow by 25% in the quarter. Paramount Global is next in line to report its earnings for the third quarter of 2024. The company held its traditional conference call to discuss the earnings report with analysts on Friday,