Paramount reports Q1 adjusted EPS 29c, consensus 26c

Reports Q1 revenue $7.19B, consensus $7.11B. “We are very pleased with our performance in the quarter driven by a powerful content slate and focused execution. Paramount (PARA)+ again had the second most Top 10 SVOD Originals, and CBS is poised to be the most-watched network for the 17th consecutive season. We are particularly proud of our progress in DTC where Paramount+ saw continued improvement in subscribers, user watch time and churn and remains on track to reach domestic profitability for 2025. Taken together, this contributed to a nearly $180 million improvement in DTC profitability. These impressive results were driven by our talented teams and creative partners, and we are grateful for their contributions.”