Slide 1: Paramount Reports Q2 2023 Earnings Results
EARNINGS PRESS RELEASE | August 7, 2023 PARAMOUNT REPORTS Q2 2023 EARNINGS RESULTS « Direct-to-Consumer (DTC) Continued to Scale with Increased Revenue and Engagement – Paramount+ Grew Revenue 47% and Reached Approximately 61M Subscribers – Paramount+ and Pluto TV Global Viewing Hours Increased 35%
Slide 2: Direct-to-Consumer
Q2 2023 EARNINGS – SEGMENTS DIRECT-TO-CONSUMER OVERVIEW Paramount continues to progress on the path to streaming scale and profitability. In Q2, strong revenue growth was driven by subscriber growth and improvements in engagement and monetization. DTC remains on track to drive significant earnings i
Slide 3: TV Media
Q2 2023 EARNINGS – SEGMENTS TV MEDIA OVERVIEW TV Media contributed significant revenue and earnings, benefiting from diversification of revenue streams, pricing strategies, and focused cost management. TV Media continues to yield revenue performance that outpaces audience trends. Q2 FINANCIALS ▪ Rev
Slide 4: Filmed Entertainment
Q2 2023 EARNINGS – SEGMENTS FILMED ENTERTAINMENT OVERVIEW Filmed Entertainment drives significant value across the company including theatrical, streaming, and licensing. Q2 included the extension of the popular franchise Transformers with the #1 box office debut of Transformers: Rise of the Beasts.
Slide 5: About Paramount
ABOUT PARAMOUNT Paramount (NASDAQ: PARA; PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV,
Slide 6: Contacts
CONTACTS PRESS Justin Dini Executive Vice President Head of Communications (212) 846-2724 justin.dini@paramount.com Allison McLarty Senior Vice President Corporate Communications (630) 247-2332 allison.mclarty@paramount.com INVESTORS Kristin Southey Executive Vice President Investor Relations (310)
Slide 7: Consolidated Statements of Operations
Q2 2023 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three Months Ended June 30 Six Months Ended June 30 2023 2022 2023 2022 Revenues $ 7,616 $ 7,779 $ 14,881 $ 15,107 Costs and expenses: Op
Slide 8: Consolidated Balance Sheets
Q2 2023 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited; in millions, except per share amounts) At At June 30, 2023 December 31, 2022 ASSETS Current Assets: Cash and cash equivalents $ 1,714 $ 2,885 Receivables, net 7,186 7,412 Programming and
Slide 9: Consolidated Statements of Cash Flows
Q2 2023 EARNINGS – FINANCIAL STATEMENTS PARAMOUNT GLOBAL AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in millions) Six Months Ended June 30 2023 2022 Operating Activities: Net earnings (loss) (Paramount and noncontrolling interests) $ (1,402) $ 863 Less: Net earnings from disco
Slide 10: Supplemental Disclosures Regarding Non-GAAP Financial Measures
Q2 2023 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Unaudited; in millions, except per share amounts) Results for the three and six months ended June 30, 2023 and 2022 included certain items identified as affecting comparability. Adjusted opera
Slide 11: Non-GAAP Financial Measures (Continued) - Three Months
Q2 2023 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Three Months Ended June 30, 2023 Earnings (Loss) Net Earnings from (Loss) from Continuing Continuing Diluted EPS Operations Benefi
Slide 12: Non-GAAP Financial Measures (Continued) - Six Months
Q2 2023 EARNINGS – Supplemental Disclosures SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Six Months Ended June 30, 2023 Earnings (Loss) Net Earnings from (Loss) from Continuing Continuing Diluted EPS Operations Benefit