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Paramount Q3 2023 Earnings: Streaming Losses $238M, Subscribers Hit 63M

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The Bob Bakish-led conglomerate saw its filmed entertainment unit swing to a $49 million loss amid production shutdowns while content licensing revenue fell amid dual labor strikes.

Amid its quest to slim down its asset portfolio to scale up its core entertainment ambitions, Paramount Global hit 63 million global streaming subscribers in the latest quarter and kept narrowing losses in its direct-to-consumer segment to $238 million, a possibly encouraging sign for Wall.

Amid its quest to slim down its asset portfolio to scale up its core entertainment ambitions, Paramount Global hit 63 million global streaming subscribers in the latest quarter and kept narrowing losses in its direct-to-consumer segment to $238 million, a possibly encouraging sign for Wall
 

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