"Paramount+ Surpasses Subscriber Expectations, Narrows Streaming Losses"

Paramount+ reaches 67.5 million subscribers, with a streaming loss shrinking to $490 million, as the company expects profitability domestically in 2025 and significant earnings growth in 2024. The studio's first-quarter net earnings were $514 million, with a smaller streaming loss and increased advertising and subscription revenue. Paramount is adapting to changing TV viewing habits and considering strategic options, including potential partnerships and acquisitions, as it navigates a consolidating marketplace.