NFL football, crime drama Tulsa King and horror film A Quiet Place: Day One helped Paramount put on 3.5 million subscribers on the quarter.
It was better than both analyst predictions and the 2.46 million subscribers lost in the previous quarter. Revenue is also on the increase, growing by 25% on the quarter.
Direct-to-consumer advertising grew by 18%, which reflects well on both Paramount+ and FAST channel platform Pluto.
Paramount+ global ARPU also expanded 11% year-over-year.
However, revenue within Paramount’s TV business, which includes US network CBS and MTV, fell by 6% to $6.73 billion resulting from falling advertising revenues and subscribers.
