The entertainment giant last reported nearly 47 million subscribers last quarter, most of which were driven by Paramount+.
ViacomCBS — which will soon mark the one-year anniversary of its Paramount+ streaming service — added 9.4 million subscribers in the fourth quarter for a total of 54 million total subscribers to offerings that also includes Showtime OTT., ViacomCBS reported a subscriber add of 4.3 million for a total of nearly 47 million subscribers, with streaming revenue surpassing $1 billion. This quarter, streaming ad revenue hit $1.3 billion, driven mostly by Paramount+ and Pluto TV.
ViacomCBS also reported $8 billion in revenue for Q4, beating expectations of $7.5 billion forecast by Yahoo Finance. The earnings report comes as part of the entertainment company’s annual three-hour-long investor day event, which will include remarks from top executives like ViacomCBS chairwoman Shari Redstone, CEO Bob Bakish and head of streaming Tom Ryan. During the event, the company announced that Showtime Originals will be joining Paramount+ for a fee., with local TV giant Nexstar emerging as one of the top suitors.
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