Paramount+ Subscriber Growth
Paramount+ ended the quarter with 79 million global subscribers, up 11% year-over-year, including 1.5 million new subscribers in the quarter. Global watch time per user increased by 17% year-over-year, and churn improved by 130 basis points.
Film Entertainment Success
Sonic the Hedgehog 3 delivered box office sales of nearly $500 million, becoming a franchise best, and Gladiator 2 became the number one movie in Paramount+ history.
Strong Performance in TV Media
CBS network audience grew 3% in the quarter compared to last year with the super bowl and was up 12% without the sports comp. CBS will win a record-setting 17 consecutive seasons as the most-watched broadcast network.
Improved D2C OIBDA
D2C OIBDA improved by $177 million to a loss of $109 million, driven by healthy subscription revenue growth and continued expense management.