🎬📺💰 Paramount Tops Q1 Revenue Estimates On Streaming And Film Gains 🔹 Summary: Paramount Global surpassed Wall Street’s Q1 revenue forecasts, driven by strong performance in its streaming and filmed entertainment divisions. While Paramount+ added fewer subscribers than expected, the company’s hit content and upcoming blockbusters are poised to fuel future growth. 🔹 Key Points: • Q1 revenue reached $7.19 billion, beating the $7.09 billion analyst estimate. • Direct-to-consumer revenue rose 9% to $2.04 billion, boosted by Paramount+, BET, and PlutoTV. • Filmed entertainment revenue grew 4% to $627 million, supported by post-theatrical releases. • Paramount+ gained 1.5 million subscribers, slightly missing the 1.66 million forecast. • The $8 billion Paramount-Skydance merger deadline was automatically extended by 90 days. @CMEActiveTrader Tickers Of Interest: $NQ $ES Tickers Of Interest: $PARA $NFLX $DIS $USD $DXY
⚠️ Paramount beats quarterly revenue on direct-to-consumer growth - Reuters on Full Story →
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