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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