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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Paramount Looking at Charter-Disney-Like Pay TV Streaming Bundles, as DTC Revenues Surge and Losses Ebb in Q3

Paramount Charter Disney Paramount Plus Bob Bakish Paramount Global Paramount Pictures
Paramount Global CEO Bob Bakish at 2022 MTV Europe Awards.

Paramount Global reported a third-quarter profit of $295 million, with the media conglomerate expanding its direct-to-consumer revenue by 38% and closing DTC losses for the year by more than 30%. 

Paramount’s stock surged over 10% in Thursday day trading and close to another 10% in after-hours trading.

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