Paramount says its Q2 financials demonstrate continued progress in its transformation towards a streaming first company.Direct-to-consumer revenue increased by 15% year-over-year, led by Paramount+ subscription gains and pricing increases.Paramount+ also achieved increased strong viewership metrics, including the second-highest original series premiere and increased watch time per subscriber by 11%. Despite a decrease of 1.3 million subscribers – mainly due to an international bundle expiration – the service reached 77.7 million subscribers. Pluto TV posted record global viewing hours.In a statement co-CEOs George Cheeks, Chris Mccarthy and Brian Robbins said: “Our goal when we became co-CEOs was to transform Paramount into a streaming first company and today we are substantially better positioned with streaming revenue growth outpacing linear declines, driven by exceptional performance at Paramount+.”The acquisition of Paramount Global by Skydance is expected to close on August 7, 2025.Company-wide, total revenue grew 1% year-over-year, with affiliate and subscription revenue rising 5%. Adjusted OIBDA improved significantly for DTC, but TV Media revenue declined 6%, largely from lower advertising and traditional broadcast subscriber numbers. CBS maintained its position as the most-watched network in primetime for the 17th year, and Paramount Pictures set franchise records with Mission: Impossible – The Final Reckoning.
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