Paramount+ adds 3.5 million subscribers in Q3

The news: Paramount reported solid gains in Q3, with notable subscriber growth and profitability improvements in its streaming segment countering the expected setbacks elsewhere in its business.

By the numbers:

• Streaming subscribers: Paramount+ gained 3.5 million subscribers, ending the quarter with 72 million globally through growth fueled by both international partnerships and domestic distribution agreements.
• DTC segment profit: Paramount’s direct-to-consumer (DTC) segment reached $49 million in adjusted operating income (OIBDA), a major improvement from last year’s $238 million loss.