Tag Archives: Bob Bakish

Bob Bakish, president and CEO of Paramount Global, has been selected as the Personality of the Year to be honored at MIPCOM.

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Direct-to-consumer revenues were a bright spot in Paramount's Q2 results, rising 40 percent while overall revenues slipped by 2 percent to $7.6 billion.

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Paramount Global swung to a loss in the first quarter amid higher expenses in its direct-to-consumer segment and a drop in ad revenues, while reporting a new subscriber milestone at Paramount+ and usage gains at Pluto TV.

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Paramount's Q4 revenues were relatively stable at $8.1 billion, a 2 percent increase, with record subscriber gains at Paramount+, while ad revenues fell in its TV media segment.

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Despite delivering gains in overall revenues and streaming customers, Paramount saw its Q3 profit drop to $231 million from $538 million on revenues that were 5 percent higher at $6.9 billion.

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Revenues at Paramount rose by 19 percent to $7.8 billion in the second quarter, driven by significant gains in its direct-to-consumer and filmed entertainment divisions.

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ViacomCBS—which is rebranding as Paramount effective today—reported a 16 percent boost in revenues for Q4, driven in part by gains in its streaming business, which took center stage at the company's Investor Day yesterday.

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Total third-quarter revenues at ViacomCBS rose 13 percent to $6.6 billion, including a 62 percent bump in streaming revenues to $1.08 billion.

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With ad revenues bouncing back and gains in its streaming business, ViacomCBS's second-quarter revenues were up 8 percent to $6.6 billion.

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First-quarter revenues at ViacomCBS were up 14 percent to $7.4 billion, driven by ad revenue gains from coverage of the Super Bowl and a 65 percent increase in streaming revenues.

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