Our team effort led us throughout 2023. 📈 We share our year-end #results and a quote from Robert M. Bakish of what we can expect in 2024. 🤩 “Our focus remains on maximizing the value of our #content and unleashing the power of Paramount to return the company to #sustainablegrowth this year and beyond.” #WeAreParamount #OneParamount
Today, we reported our Q4 and 2023 year end results. We continued to scale streaming, where audiences spent nearly 40% more hours with our platforms in 2023. Notably, in Q4, we narrowed losses for the third consecutive quarter – hitting peak streaming losses in 2022, a year ahead of schedule. And we now expect to reach Paramount profitability in 2025 – a significant milestone. In 2024, we are excited about our early momentum from a record-breaking Super Bowl, to double-digit viewership increase of the new CBS slate, and two #1 box office debuts. Going forward, our focus remains on maximizing the value of our content and unleashing the power of Paramount to return the company to sustainable growth this year and beyond. #WeAreParamount #PopularIsParamount See Paramount’s Q4 and Full Year 2023 earnings press release for information regarding our use of non-GAAP financial measures and forward-looking statements. https://lnkd.in/g4jdxdEU
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