Paramount CEO Bob Bakish: 'We expect to return the company to earnings growth in 2024'
posted a record quarterly user gain, the Hollywood giant said on Thursday. However, higher streaming investments were a drag on the entertainment company’s bottom line, and TV unit advertising sales dropped.
Paramount, led by CEO Bob Bakish, reported that its Paramount+ streamer hit nearly 56 million subscribers as of the end of the year, after adding a company-record 9.9 million subs compared with the 46 million recorded as of the end of September, driven by such popular content as blockbuster movie
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