Paramount Global gains on Q3 beat driven by Paramount+ but not everyone is bullish
Paramount earnings per share rose 71% from last year to $0.30, easily beating the analyst estimate of $0.11.
Paramount+ subscribers reached more than 63 million, driven by 2.7 million net additions in the quarter. This beat the consensus of 2 million net additions. Advertising revenue rose 18%, reflecting growth from Paramount+ and Pluto TV. Global viewing hours across Paramount+ and Pluto TV grew 46%.
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