In 2021, the revenue almost doubled, reaching $1.06 billion, which indicates a significant improvement in the platform’s financialperformance.
The growth trend continued, albeit at a slower pace, in 2022, with revenue rising to $1.11 billion, representing an increase of about 4.7% compared to the previous year.
The Pluto TV subscriber count in 2020 was 43.1 million.
There was a notable increase in subscribers in 2021, with the count rising to 64.4 million, representing a growth of approximately 49.4% compared to the previous year.
The growth trend continued in 2022, with the subscriber count reaching 78.5 million, a further increase of about 21.9% compared to the previous year.
The revenue experienced a steady increase between 2018 and 2019, growing from $27.25 billion to $27.81 billion. In 2020, revenue was a noticeable decline to $25.28 billion, indicating a slowdown in growth. The trend reversed in 2021, with revenue bouncing back to $28.58 billion, surpassing 2019. The revenue continued its upward trajectory in 2022, reaching $30.15 billion, marking the highest revenue figure in five years. Despite the dip in 2020, Paramount’s revenue demonstrates a general growth trend over the five years.
Profits in 2018 were $3.46 billion but experienced a slight decline to $3.3 billion in 2019.
A more significant drop in profits occurred in 2020, falling to $2 billion.
In 2021, profits rebounded strongly to $4.38 billion, marking the highest profit figure in five years.
However, profits took a sharp downturn in 2022, decreasing to just $0.725 billion, representing a substantial decline compared to the previous years.
TV Media revenue decreased from $22.73 billion in 2021 to $21.73 billion in 2022, marking a decline of approximately 4.4%.
Direct-to-Consumer revenue experienced substantial growth, from $3.33 billion in 2021 to $4.9 billion in 2022, a rise of about 47.1%.
Filmed Entertainment revenue also increased, growing from $2.69 billion in 2021 to $3.7 billion in 2022, representing an increase of around 37.5%.
Eliminations representing intersegment transactions showed a slight increase in negative value from -$0.162 billion in 2021 to -$0.188 billion in 2022, indicating a higher level of intersegment revenue offsets.
While the TV Media segment experienced a decline, Direct-to-Consumer and Filmed Entertainment revenue streams showed significant growth, contributing to the overall increase in Paramount’s total revenue.
The number of Paramount+ subscribers in 2020 was 11.7 million.
There was a significant increase in subscribers in 2021, with the count rising to 32.8 million, representing a growth of approximately 180%.
The growth trend continued in 2022, with the subscriber count reaching 55.9 million, a further increase of about 70% compared to the previous year.
Paramount+ revenue in 2020 was $0.63 billion.
In 2021, the revenue more than doubled, reaching $1.35 billion, which indicates a significant increase in the platform’s performance.
The growth trend persisted in 2022, with revenue climbing to $2.77 billion, representing a growth of over 100% compared to the previous year.
Pluto TV’s revenue in 2020 was $0.56 billion.
In 2021, the revenue almost doubled, reaching $1.06 billion, which indicates a significant improvement in the platform’s financialperformance.
The growth trend continued, albeit at a slower pace, in 2022, with revenue rising to $1.11 billion, representing an increase of about 4.7% compared to the previous year.
In 2020, Paramount’s revenue of $25.28 billion was approximately 2.12 times its content costs of $11.93 billion.
In 2021, the revenue increased to $28.58 billion, while content costs rose to $14.7 billion. The revenue was about 1.94 times the content costs during this year.
Comparing both years, the revenue-to-content-costs multiplier decreased from 2020 to 2021, indicating that the company’s content costs have increased faster than its revenue. This could result from investments in original content, increased licensing fees, or other content-related expenses.
Paramount is a Media powerhouse comprising many media brands, which generated over $30 billion in revenue in 2022, comprising brands like CBS, Paramount, Nickelodeon, MTV, Paramount+, Pluto TV, and many others.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
