Paramount+ Tops 43 Million Subscribers in Q2, Adding 4.9 Million in Quarter

variety.com:

Todd Spangler NY Digital EditorParamount+ kept hiking up the streaming mountain in the second quarter as some rivals have stumbled.In announcing Q2 earnings, Paramount Global said its flagship Paramount+ service now has more than 43 million paid customers, a net add of 4.9 million for the June quarter.The company’s other streaming services, however, declined in aggregate.

Total streaming subscribers globally reached nearly 64 million in the second quarter, a gain of less than 2 million. Paramount does not break out the number of subscribers for Showtime or its other direct-to-consumer services, which include BET+ and Noggin.The total streaming figure included the removal of 3.9 million Russia subscribers; the Q2 Paramount+ sub number included the drop of 1.2 million accounts in Russia, after Paramount Global exited the country because of the invasion of Ukraine.

The pickup for Paramount+ comes as growth for other streamers has been flat or down. Netflix shed nearly 1 million subs in Q2 (though that was fewer than expected), while paid customers for NBCUniversal’s Peacock was flat for the period at 13 million and Peacock’s overall active accounts dropped by 1 million.

Warner Bros. Discovery, which owns HBO Max and Discovery+, reports Q2 earnings Thursday after market close, and Disney is set to release results Aug.