Record Increase in Adjusted OIBDA
Adjusted OIBDA increased by 30% year-over-year to $3.1 billion, driven by significant improvements in the D2C segment and overall financial health.
Paramount+ Subscriber Growth
Paramount+ added 10 million new subscribers in 2024, with 5.6 million added in Q4 alone. Engagement improved, with global watch time per user increasing by 20%.
D2C Profitability Improvement
Direct-to-Consumer segment profitability improved by $1.2 billion for the year, showing a significant reduction in losses and setting up for future profitability.
Successful Franchise Strategy
The Sonic the Hedgehog franchise exceeded $1.2 billion at the global box office, with Sonic 3 becoming the highest-grossing film in the series.
Strong Performance of Original Series
Paramount+ achieved a new high, ranking as the number two domestic SVOD for hours watched across all original series, helped by popular shows like Landman and Lioness.
Positive Free Cash Flow
The company generated $489 million in free cash flow, the highest in four years, signaling strong financial management and operational efficiencies.