Paramount Global had a rocky June quarter in film as Transformers: Rise Of The Beasts, not surprising, found it tough going against last year’s Top Gun: Maverick.
The second quarter also had the costs of Mission Impossible – Dead Reckoning Part One, which was released in the current third quarter.
DTC subscriber growth was weaker than expected with Paramount+ clocking less than a million net new subs to reach about 61 million.
The Street had been looking for the service to end the quarter at 61.5 million subs. But the Streeet has also been saying that sub growth is not the be-all end-all anymore.
Read more on deadline.com