r/movies • u/Vanderlyley • 28d ago

News Paramount Posts $286M Fourth Quarter Streaming Loss

https://www.hollywoodreporter.com/business/business-news/paramount-fourth-quarter-streaming-1236148263/
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u/momoenthusiastic 28d ago

“ For the direct-to-consumer segment, which includes Pluto TV and BET+, Paramount posted an adjusted OIBDA loss of $286 million for the latest financial quarter, an improvement from the $490 million adjusted OIBDA loss in the same period of 2023.”

It’s not just Paramount+, it’s also Pluto TV and BET+ and other DTC Streaming services. But it’s actually an improvement from Q4 of 2023. 

As much as I don’t like their UX, their content is solid imo.