The media giant's shares already jumped 10% during the regular trading day.Paramount Global's stock jumped after hours after it reported strong revenue and subscription trends in its third quarter earnings report.
Paramount – home to brands like CBS, Showtime, BET, Nickelodeon and its namesake movie studio – reported a 38% increase in revenue year-over-year. In the third quarter, streaming service Paramount+ saw 2.7 million net additions to its 63 million total subscriber count. The company also narrowed losses in its streaming segment to $238 million from $343 million a year ago.$7.13 billion vs. $7.
The company said theatrical revenue increased 63% year-over-year, citing movies such as"Mission: Impossible – Dead Reckoning Part One" and"Teenage Mutant Ninja Turtles: Mutant Mayhem."