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ViacomCBS Whiffs on Q4 Earnings Despite Reaching $1.3 Billion in Streaming Revenue

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thewrap.com

Yahoo Finance. ViacomCBS reported EPS of 26 cents on $8 billion in revenue.ViacomCBS ended 2021 with more than 56 million global SVOD subscribers.“Clifford the Big Red Dog” made $48.9 million domestically and $100 million worldwide, and was the most-watched original film for Paramount+ at time of release.

The movie was released simultaneously in theaters and on Paramount+ in November.“In the fourth quarter you saw the power of strategy and strength of execution across the company.

Our success was evident across all lines of business, and spotlighted by streaming, where we achieved our best quarter ever in streaming subscription growth – more than doubling our subscriber additions from last quarter with a record 9.4M additions, expanding our total global streaming subscribers to over 56M.

And, to top it off, we saw meaningful acceleration in our global Pluto TV MAUs, to reach over 64M and generate over $1 billion in revenue in the year.

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