July 31, 2025
Paramount+ July 31 disclosed an increase in operating income and revenue despite losing 1.3 million subscribers in the second quarter ended July 31.
The subscription streaming VOD platform ended the fiscal period with 77.7 million subscribers, down from 79 million through the end of March. Paramount attributed the decline to the end of an international bundled promotion.
Regardless, Paramount’s direct-to-consumer subscription revenue grew 22%, driven by subscriber growth and pricing increases at Paramount+. Global viewing hours increased 29% year-over-year across Paramount+ and free ad-supported streaming TV platform (FAST) Pluto TV.
Adjusted pre-tax operating income improved $131 million to $157 million year-over-year from $26 million, reflecting the revenue growth, partially offset by higher operating costs.
Revenue increased 15% to $2.1 billion from $1.89 billion in the previous-year period.
“We saw the largest viewership growth among all subscription services in the U.S., up 26% vs. the first half of 2024, driven by continued strong content at Paramount+, where we again had the most top 10 SVOD originals, behind only the market leader [Netflix], and churn achieved a record low,” co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins, said in a statement.
Paramount Global’s $8 billion sale to Skydance Media is expected to close on Aug. 7.
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