Many people pay for Paramount + to watch and , even if none of the series was particularly exceptional. Paramount Global (formerly ViacomCBS) on Tuesday that added 6.8 million new Paramount + subscribers in the first quarter of 2022. With these additions, the platform has nearly 40 million customers. Among other content, the company credits its original programming, including the aforementioned halo and Star Trek: Picardfor the continued growth of Paramount +.
For its part, this growth in subscribers helped increase the company’s end result, with revenue from the service growing 148 percent year-over-year to $ 585 million in the first quarter of 2022. “The first quarter once again demonstrates the strength and potential of Paramount’s unique assets. and the company’s continued momentum, “said Bob Bakish, CEO and President of Paramount Global.
Paramount’s success is particularly noticeable given Netflix’s recent struggles. Last month, the streaming giant announced it was in the first quarter of 2022, marking its first drop in subscribers in a decade. Since then, the company has taken a series of cost – cutting measures, canceling series such as and gutting the editorial staff on their fan site.
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