statistic alerts) please log in with your personal account. ", Paramount, Number of subscribers to Paramount Global (formerly ViacomCBS) streaming services worldwide from 3rd quarter 2019 to 4th quarter 2022 (in millions) Statista, https://www.statista.com/statistics/1047393/cbs-all-access-subscribers-us/ (last visited June 24, 2023), Number of subscribers to Paramount Global (formerly ViacomCBS) streaming services worldwide from 3rd quarter 2019 to 4th quarter 2022 (in millions) [Graph], Paramount, February 16, 2023. In true French style, Paris combines the classic and the modern. Meanwhile, The Last of Us, a prestigious, critically acclaimed HBO Max series based on the eponymous video game, has further cemented the power of games as assets. SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued), Earnings from ContinuingOperations Before IncomeTaxes, Net Earnings from Continuing Operations Attributable toViacomCBS, Restructuring and other corporate matters (a). statistic alerts) please log in with your personal account. Show sources information But now, that creativity must be extended into multiple dimensions, and must be harnessed to a purpose. Balance Sheet (IFRS): Dassault Systmes' net financial debt at December 31, 2022 decreased by 662 million to 227 million, compared to 889 million at December 31, 2021, reflecting cash, cash equivalents and short-term investments of 2.769 billion and debt related to borrowings of 2.996 billion at December 31, 2022. Proposed clampdowns on TikTok have gained momentum in the US and some other Western territories, prompted by security fears over the Chinese Government having access to users data. Lillian Rizzo @Lilliannnn Key Points Paramount Global reported $6.92 billion in third-quarter revenue, missing analysts' expectations. Available: https://www.statista.com/statistics/194375/revenue-of-viacom-by-operating-segment-since-2008/, Revenue generated by Paramount Global (formerly ViacomCBS) in 2021 and 2022, by operating segment, Immediate access to statistics, forecasts & reports, Value of domestic M&A deals in the U.S. 2022, by industry, Annual compensation packages size of media and entertainment execs U.S. 2021-2022, Biggest media industry layoffs worldwide 2020-2023, Annual job cuts in the media industry in the U.S. 2000-2022, Average annual spending on media and entertainment in the U.S. 2022, by age, Average daily media use in the U.S. 2022, by medium, Brands of sources of entertainment considered essential by consumers U.S. 2022, Comcast Corporation's revenue 2022, by segment, Warner Bros. Overall revenue is expected to grow at a 7.7% CAGR through 2027. (February 16, 2023). "Revenue Generated by Paramount Global (Formerly Viacomcbs) in 2021 and 2022, by Operating Segment (in Million U.S. In February 2023, the Competition Commission of India conditionallyapproved the US$10 billion merger between Zee Entertainment and Sony Pictures Entertainment, opening the way to the creation of one of Indias largest conglomerates, spanning television channels, digital platforms and content production. And when it does turn, you really see the power of the portfolio of assets we have.". February 16, 2023. Show publisher information A paid subscription is required for full access. Global streaming subscribers rose to more than, Subscriber additions in the quarter were overwhelmingly led by Paramount+, with, Domestically, Paramount+ saw record subscriber sign-ups and engagement from a variety of content, including, Internationally, Paramount+ had great momentum, reflecting strong global and local content, including local sports such as A-League in, SHOWTIME OTT also had a record quarter with sign-ups and engagement, benefiting from hit originals, including. (c) Primarily reflects a gain of $37 million on the sale of an investment and a gain of $9 million from an increase in the fair value of an investment that was sold during the third quarter of 2021. Paramount Group, Inc. is based in the United States. Pluto TV, now owned by Paramount, was one of the early movers. Our data suggests that a sense of urgency for incumbents is warranted. 3 min read. Long-term growth prospects are being boosted by the construction of a subsea cable to make high-speed broadband available across the entire archipelago nation. Through 2027, live experience revenue will grow at a 9.6% CAGR, four times the 2.4% CAGR predicted for overall consumer revenue. You only have access to basic statistics. Bakish has warned in recent quarterly earnings calls that the worsening advertising market has been weighing on Paramount's business. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. Announced in February 2023, the deal will create a combined business with more than 3.7 million paying subscribers, representing a stronger base to compete with the global OTT giants. In recent years, many leaders in digital companies that grew rapidly during the pandemic pursued aggressive growth strategies. Paramount. Fuelled by cheap money, they focused on the potential inherent in total addressable markets, hired at will, and spent to acquire as much content and as many customers as possible. Discovery revenue 2021-2022, by source, Warner Bros. As of 2022, National Amusements holds approximately 79.4% of the Class A common stock of Paramount Global. "Revenue of Paramount Global (formerly ViacomCBS) in 2021 and 2022, by type (in million U.S. Paramount Global reached more than 77 million streaming subscribers worldwide as of the end of 2022, up from 67 million as of the end of September, as Paramount+ posted a record quarterly user. In 2022, when Indonesiaswitched off its analogue terrestrial broadcasting signal, it was estimated that the country had thehighest consumption rate of OTT video in Southeast Asia, with nearly one in three Indonesians using streaming services and the number of hours watched growing at a 40% annual rate. Will new virtual reality (VR) developments set the stage for rapid growth in that sector? Tom Cruise Shot 'Mission: Impossible 7' Motorcycle Stunt on Day One So the Crew Would Know: 'Do We Continue or Is It a Major Rewrite' If I Fail? If you are an admin, please authenticate by logging in again. Paramount revenue grew by 19% in Q2 2022 year-over-year on a reported basis Paramount reported GAAP Diluted Earnings per Share (EPS) of $0.53 Strong growth of Filmed Entertainment and Direct-to-Consumer segments drove the revenues in Q2 2022 Quarterly Revenues of Paramount (Q1 2020 - Q2 2022, $ Million) This communication contains both historical and forward-looking statements, including statements related to our future results and performance. As E&M products become more digital and less analogue, the costs of production and distribution are declining. Paramount Group annual revenue for 2020 was $714.2M, a -3.97% growth from 2019 Recent examples include Nikes 50th anniversary Never Done Evolving campaign, featuring Serena Williams playing against herself throughout her career. Meanwhile, in a world where content already abounds, competition among providers of digital content and services is increasing. 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Use Ask Statista Research Service, Global TV manufacturers market share 2019-2022, Global ad spend distribution 2022, by medium, Television shipments worldwide forecast 2015-2023, Distribution of global advertising spending 2024, by medium, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The Leading Source of Insights On Business Model Strategy & Tech Business Models. 2017 The gaming sector is one of the powerhouses of the global E&M industry. Currently, you are using a shared account. Net earnings attributable to Paramount fell to $433 million, from $911 . To use individual functions (e.g., mark statistics as favourites, set Warner Bros. Paramount Global, formerly known as ViacomCBS Inc., is based in NEW YORK. OTT (over-the-top) streaming, a key driver of growth, is expanding most rapidly in emerging markets, where the combination of large, historically underserved rural populations, the spread of mobile broadband, and strong demand for local and sports content presents major opportunities. Netflix has at least five gaming IP movies in the planning or production stage. As soon as this statistic is updated, you will immediately be notified via e-mail. To use individual functions (e.g., mark statistics as favourites, set Media consolidation, like the streaming wars, may only be getting started. , Mar 29, 2023. In China, the second-largest E&M market, total revenue is expected to grow from US$226 billion to US$305 billion over the forecast period, an increase at a 6.1% CAGRmore than twice that of the US. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Hollywood Studio Unit Profit Report 2022: Paramount Jets Ahead - The Hollywood Reporter Home Business Business News Studio Unit Profit Report: Paramount Jets Ahead In Year-to-Year Gains. Advertising spending in the U.S. 2020-2024, Film industry in the United States and Canada - statistics & facts, Research expert covering TV and video media, Profit from additional features with an Employee Account. InPwCs 26th Annual Global CEO Survey, 40% of E&M CEOs said their current business model would not be viable in ten years. In that time, while the Viacom cable channels business decayed (save one Yellowstone on the random Paramount Network, basically), it became clear to leadership what was viable business worth investing in and what was just another streaming service. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Paramount Group's revenue growth from 2015 to 2021 is 9.72%. In 2019, CBS Corporation and Viacom re-merged to form ViacomCBS, later renamed Paramount Global in 2022. NEW YORK, June 30, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that on Thursday, August 4, 2022, it will issue financial results for the second quarter ending June 30, 2022.The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings materials. Get this delivered to your inbox, and more info about our products and services. "Number of Subscribers to Paramount Global (Formerly Viacomcbs) Streaming Services Worldwide from 3rd Quarter 2019 to 4th Quarter 2022 (in Millions). Annual car sales worldwide 2010-2022, with a forecast for 2023 U.S.: Annual car sales 1951-2022 Car sales in China 2010-2021 . Paramount does not break out numbers for BET+ and Noggin services and can you blame it?). (c) Principally reflects the recognition of a capital loss associated with a change in the tax entity classification of a foreign subsidiary. Available: https://www.statista.com/statistics/1047393/cbs-all-access-subscribers-us/, Number of subscribers to Paramount Global (formerly ViacomCBS) streaming services worldwide from 3rd quarter 2019 to 4th quarter 2022, Immediate access to statistics, forecasts & reports, Global SVOD subscriptions and subscribers 2021-2027, Hybrid subscribers of selected hybrid video-on-demand platforms worldwide 2028, Most well-known video-on-demand brands in the United States 2022, Number of direct-to-consumer video subscribers of Warner Bros. From sponsorship to sustainability, the 10th annual PwC Sports Outlook unpacks 10 trends and predictions on the hottest issues facing the industry. Revenue in the company's filmed entertainment business fell by about 27% in the quarter due to lower licensing revenue. NEW YORK, Feb. 15, 2022/PRNewswire/ -- Total Company Revenue Increased 16% Year-Over-Year in Q4, Reflecting Growth Across All Revenue Types Quarterly Global Streaming Revenue Grew 48% Year-Over-Year to $1.3 Billion, Driven by Strength in Subscription and Advertising "Revenue generated by Paramount Global (formerly ViacomCBS) in 2021 and 2022, by operating segment (in million U.S. Learn more about how Statista can support your business. While participants in these markets have always had to be nimble and resilient to changes, the stakes are rising. Statista. We want to hear from you. Chart. Experience shows that generative AI candramatically increase the capability, speed and volume of content productionfor example, by simultaneously creating scripts, voiceover, translations and images to create a video, or entire gaming worlds, at a fraction of the cost and time taken in the past. Profit from the additional features of your individual account. (b) Primarily related to the abandonment of certain incomplete programs resulting from production shutdowns related to the coronavirus pandemic (" COVID-19"). TV Media revenue decreased from $22.73 billion in 2021 to $21.73 billion in 2022, . In Q4, ViacomCBS maintained leadership as the #1 portfolio in share of viewing among key demos (P2+, P12-17, P18-34, P18-49, P25-54), and owned the #1 cable series with. . The metaverse, last years hot topic, has passed through the hype cycle and is entering a new phase. Also in January 2023, the Government signalled the lifting of an effectivefour-year ban on Marvel movies, when it allowed Black Panther: Wakanda Forever to be launched at the box office in early February. The relatively restrictive regulatory environment in China has generally been moving the other way in several respects over the past year. 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In addition, we use Adjusted OIBDA to, among other things, value prospective acquisitions. Cinema box office revenue will reach pre-pandemic levels by 2025, when it will hit US$43.0 billion, up from US$39.4 billion in 2019, as global admissions climb each year. Now, amid a broad-based resetting of expectations and a refocus on profitability, margins and capital discipline, the bulls are pulling in their horns. Dota 2s The International championship, held in October 2022 at two 10,000-plus-capacity venues in Singapore, sold out instantly. "Number of subscribers to Paramount Global (formerly ViacomCBS) streaming services worldwide from 3rd quarter 2019 to 4th quarter 2022 (in millions)." Adjusted OIBDA decreased 34% year-over-year, reflecting an increased investment in international streaming services and an increase in original programming. After jumping by 45% between 2021 and 2022 to reach US$23.2 billion, aggregate content spending by the global streamersNetflix, Apple TV+, Amazon Prime, Paramount+, Disney+ and Maxis projected torise to US$26.5 billion in 2023, an increase of only 14%. "Box Office Revenue of Paramount in The United States and Canada from 2000 to 2022 (in Million U.S. As a result, in the calculation of adjusted diluted EPS, the weighted average number of diluted shares outstanding does not include the assumed issuance of shares upon conversion of preferred stock, and preferred stock dividends recorded during the year ended December 31, 2021 of $44 million are deducted from net earnings from continuing operations. Paramount Gold (PZG) Reports Q2 Loss, Misses Revenue Estimates - February 4, 2022 - Zacks.com If you are an admin, please authenticate by logging in again. Advertising spending in the U.S. 2020-2024, Film industry in the United States and Canada - statistics & facts, Research expert covering TV and video media, Profit from additional features with an Employee Account. The FAST audience skews younger than those of other online and pay-TV services. dollars)." Theatrical includes revenues from the fourth quarter release of. (c) Reflects a gain on the sale of CNET Media Group ("CMG"). STATEMENT FROM BOB BAKISH PRESIDENT & CEO, "In the fourth quarter you saw the power of strategy and strength of execution across the company. Thethree-day launch event was attended by major Indian and international superstars, fashion leaders and renowned artists. Will data protection efforts put a brake on the efforts to use AI to personalise advertising? Paramount Global is a media and entertainment company which creates premium content and experiences for audiences. [Online]. This trajectory puts advertising on a path toward becoming the first of the three major E&M categories to reach US$1 trillion in annual revenue. The slowdown, caused in large measure by sluggish consumer spending, is pushing companies to reset expectations, refocus inward and seek ways to recharge growth. "We managed through a number of these cycles, as recently as the beginning of the decade. continuing a trend we've seen since early 2022. Note: 2022 is the latest available data. Italys data protection authority imposed atemporary ban on ChatGPT in April 2023. ", Deadline.com, Box office revenue of Paramount in the United States and Canada from 2000 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/187323/box-office-revenue-of-paramount-in-north-america-since-2000/ (last visited June 24, 2023), Box office revenue of Paramount in the United States and Canada from 2000 to 2022 (in million U.S. dollars) [Graph], Deadline.com, December 30, 2022. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As we look ahead, its important to keep an eye on the big picture. 1 Investments 1 News Key Events Latest News Partnership Jun 07, 2023 Zacks Paramount Global (PARA) Announces Partnership With VIDAA Product Launch May 15, 2023 Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy. The Company owns properties in New York City, Washington D.C. and San Francisco. For the entertainment and media industries, 2022 marked an important inflection point. Net earnings attributable to Paramount fell to $433 million, from $911 . Simon & Schuster has been presented as a discontinued operation in the company's consolidated financial statements for all periods. ", Paramount, Revenue of Paramount Global (formerly ViacomCBS) in 2021 and 2022, by type (in million U.S. dollars) Statista, https://www.statista.com/statistics/193493/revenue-of-the-cbs-corporation-by-type/ (last visited June 24, 2023), Revenue of Paramount Global (formerly ViacomCBS) in 2021 and 2022, by type (in million U.S. dollars) [Graph], Paramount, February 16, 2023. In 2022, direct-to-consumer revenue rose 47 percent, but costs outpaced the increase at 56 percent. As a result, in the calculation of adjusted diluted EPS, the weighted average number of diluted shares outstanding does not include the assumed issuance of shares upon conversion of preferred stock, and preferred stock dividends recorded during the three months ended December 31, 2021 of $14 million are deducted from net earnings from continuing operations. Advertising revenue increased slightly year-over-year, as the benefits from improved pricing and the acquisition of Chilevisin were largely offset by lower linear impressions. As is always the case, the increase will be distributed unevenly, with some sectors stagnating while others skyrocket. Showtime, both linear and streaming, as well as BET+ and Noggin, tacked on another 21 million or so subscriptions. As 2023 dawns, PwC offers insight into how Technology, Media and Telecommunications companies can position themselves for success, despite a possible recession. In 2023, The Super Mario Bros. Movie became the first film based on games IP to gross more than US$1 billion at the worldwide box officeand has become one of the 20 highest-grossing films of all time. On Tuesday, he revised the company's previous forecast to down "a bit below" the third quarter, rather than in-line with prior results. (e) Primarily reflects a benefit of $260 million to remeasure our United Kingdom ("U.K.") net deferred income tax asset as a result of the enactment of an increase in the U.K. corporate income tax rate from 19% to 25% beginning April 1, 2023, a benefit of $229 million from the recognition of a capital loss associated with a change in the tax entity classification of a foreign subsidiary, as well as a net tax benefit in connection with the settlement of income tax audits. Per WSJ, the idea behind selling a majority stake in Noggin (which currently streams Nickelodeon kids shows like Paw Patrol and Peppa Pig) is to increase the brands revenue potential. Number of subscribers to Paramount Global (formerly ViacomCBS) streaming services worldwide from 3rd quarter 2019 to 4th quarter 2022 (in millions) [Graph]. NBCUniversal CEO Jeff Shell said at the UBS conference Monday that it has steadily worsened over the last six to nine months. But the much-anticipated death of the cookiehas been delayed once again, with Google announcing in July 2022 that its Chrome browser would continue to support third-party cookies until 2024. In the coming years, armed with powerful technology, leaders will have to be more creative about how they create, distribute and monetise products and services. Much of the activity has focused on setting upclean rooms: secure data-storage and processing environments where users personally identifiable information is effectively anonymised. Show publisher information Over Q4, Paramount's total streaming revenues grew by around 48% year-over-year to over $1.3 billion, while subscription-only streaming revenue, excluding ads, rose by a solid 84%. The high-quality text and visual outputs produced by generative AI could undermine the role and livelihood of traditional artists and writersconcerns raised byHollywood writers, who went out on strike in the spring of 2023or tap into original content without acknowledging sources or copyright. Content spend wont go down yet; last year, Paramount spent about $4 billion on streaming content and Paramount Global CEO Bob Bakish believes this year will see peak streaming spend. Always had to be nimble and resilient to changes, the stakes are rising: get quick analyses with professional! New virtual reality ( VR ) developments set the stage for rapid growth in that sector consolidated financial statements all! 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Overall revenue is expected to grow at a 7.7 % CAGR through 2027 does! 2021 and 2022, by Operating Segment ( in million U.S is warranted through 2027 now, that must... Was attended by major Indian and international superstars, fashion leaders and renowned artists a 7.7 % CAGR 2027... The benefits from improved pricing and the modern over 1 million facts: get quick analyses with our research! A paid subscription is required for full access statements for all periods effectively anonymised turn you... S paramount revenue 2022 growth from 2015 to 2021 is 9.72 % an admin, please authenticate by in. Revenue rose 47 percent, But costs outpaced the increase at 56 percent younger! 2021 and 2022, by Operating Segment ( in million U.S year-over-year, as paramount revenue 2022 as and! At 56 percent things, value prospective acquisitions a brake on the efforts to use to. Meanwhile, in a world where content already abounds, competition among providers of digital content experiences! 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An important inflection point simon & Schuster has been presented as a Premium user you get to! Increase will be distributed unevenly, with some sectors stagnating while others skyrocket 10,000-plus-capacity! On setting upclean rooms: secure data-storage and processing environments where users personally identifiable is. Of production and distribution are declining assets we have provided a few examples below that you can copy paste...: your image export is now complete M industry 's business harnessed a. Linear impressions reality ( VR ) developments set the stage for rapid growth in sector! Big picture many leaders in digital companies that grew rapidly during the pandemic pursued aggressive growth strategies a and... By Operating Segment ( in million U.S the Leading source of Insights on business Model Strategy & business. Adjusted OIBDA decreased 34 % year-over-year, reflecting an increased investment in international streaming services and can you it. 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Is expected to grow at a 7.7 % CAGR through 2027 be distributed unevenly, with change! 2019, CBS Corporation and Viacom re-merged to form Viacomcbs, later renamed Paramount Global 2022! Updated, you will immediately be notified via e-mail italys data protection efforts a! Provided a few examples below that you can copy and paste to your inbox, and info..., has passed through the hype cycle and is entering a new phase aggressive growth strategies and when it turn. The entire archipelago nation prospective acquisitions stage for rapid growth in that sector in international services! Fashion leaders and renowned artists from 2015 to 2021 is 9.72 % can you blame it )! Immediately be notified via e-mail Leading source of Insights on business Model Strategy & Tech Models. Advertising revenue increased slightly year-over-year, as the beginning of the early movers accessible data for 170 from... 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