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ViacomCBS’ Q3 Streaming Revenue Rose 62%, Crossing $1 Billion for First Time Ever
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thewrap.comViacomCBS saw some nice streaming increases in the third quarter of 2021, when Paramount Pictures still didn’t pitch in all that much.
Not from movie theaters, at least.Wall Street had forecast ViacomCBS earnings per share (EPS) of 76 cents on $6.57 billion in revenue, according to a consensus estimate compiled by Yahoo Finance.
ViacomCBS reported an adjusted EPS of 76 cents on $6.61 billion in revenue — so it was right in line.The company also updated us on streaming numbers: Paramount+ and Showtime OTT combined for “nearly” 47 million subscribers.
ViacomCBS does not get more granular than that about its SVOD subs. ViacomCBS reported it had reached 42 million worldwide subscribers across Paramount+ and Showtime by the end of Q2.
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