Technology

Paramount+ has nearly 40 million subscribers

Lots of people are paying for Paramount+ to look at and , even when neither sequence has been significantly excellent. On Tuesday, Paramount Global (previously ViacomCBS) that it added 6.8 million new Paramount+ subscribers within the first quarter of 2022. With these additions, the platform has nearly 40 million clients. Among different content material, the company credited its authentic programming, together with the aforementioned Halo and Star Trek: Picard, for the continued development of Paramount+.

In flip, that subscriber development contributed to a rise within the company’s backside line, with income from the service rising by 148 % (*40*)-on-(*40*) to $585 million in Q1 2022. “The first quarter once again demonstrated the power and potential of Paramount’s unique assets and the company’s continued momentum,” stated Paramount Global CEO and President Bob Bakish.”

Paramount’s success is especially notable given Netflix’s current struggles. Last month, the streaming big introduced that it within the first quarter of 2022, marking its first subscriber drop in a decade. The company has since launched into a sequence of cost-cutting measures, canceling sequence like  and gutting the editorial workers of its fansite.

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