{"id":362671,"date":"2021-11-04T23:16:12","date_gmt":"2021-11-04T20:16:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/viacomcbs-revenue-soars-with-jump-in-subscribers-to-streaming-services\/"},"modified":"2021-11-04T23:16:12","modified_gmt":"2021-11-04T20:16:12","slug":"viacomcbs-revenue-soars-with-jump-in-subscribers-to-streaming-services","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/viacomcbs-revenue-soars-with-jump-in-subscribers-to-streaming-services\/","title":{"rendered":"#ViacomCBS revenue soars with jump in subscribers to streaming services"},"content":{"rendered":"<p>&#8220;<strong>#ViacomCBS revenue soars with jump in subscribers to streaming services<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>ViacomCBS\u00a0on Thursday posted better-than-expected quarterly revenue, helped by more subscriber additions to its fast-growing streaming platforms and strong advertising sales.<\/p>\n<p>The company added 4.3 million global streaming subscribers in the quarter, led by Paramount+, bringing the total to nearly 47 million. Content including \u201cA Quiet Place Part II,\u201d \u201cPaw Patrol: The Movie,\u201d the return of the NFL, and the new CBS fall television season contributed to that growth.<\/p>\n<p>A large part of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> giant\u2019s business was buoyed by a rebound in ad-spending, driven by the resumption of live sports.<\/p>\n<p>That, coupled with viewers flocking to the company\u2019s diverse cable and streaming network that includes PlutoTV, Comedy Central, Nickelodeon, Showtime and Paramount+ has bumped up sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion additions.<\/p>\n<p>With people now stepping out seeking in-person entertainment and increased pressure on traditional pay-TV services, media companies across the industry are looking to bolster their streaming services to take on giants like Netflix and Walt Disney Co\u2019s Disney+. Bundling services together through commercial partnerships is one option.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"two people costumed as Paw Patrol characters with movie logo and imagery in the background\" class=\"wp-image-20036414\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Content including \u201cPaw Patrol: The Movie\u201d had viewers flocking to subscribe to ViacomCBS streaming services.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>US wireless carrier T-Mobile said on Thursday customers who pay a monthly bill and home internet plan subscribers would get Paramount+ Essential (which does not include local live CBS station coverage) free for a year.<\/p>\n<p>Revenue rose 13% to $6.61 billion in the third quarter ended Sept. 30. Analysts on average had expected $6.57 billion, according to Refinitiv data.<\/p>\n<p>ViacomCBS\u2019 streaming revenue rose 62% during the quarter to about $1.1 billion.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Paramount+ billboard \" class=\"wp-image-20036479\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>ViacomCBS streaming numbers will likely be aided by T-Mobile\u2019s offer of Paramount+ Essential service to some of its customers.  <\/figcaption><figcaption><span class=\"credit\">GC Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>On a call with investors the company said it expects fourth-quarter streaming expenses, including content and marketing, to rise $350 million relative to third-quarter streaming costs.<\/p>\n<p>Operating income stood at $879 million, down from $903 million, a year earlier. Adjusted profit of 76 cents was in-line with Wall Street\u2019s estimate.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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The company added 4.3 million global streaming subscribers in the quarter, led by Paramount+, bringing the total to nearly 47 million. Content including \u201cA Quiet&#8230;<\/p>\n","protected":false},"author":1,"featured_media":362672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/viacomcbs-beat-on-streaming-growth.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[118461,70237,1372,46551,26655],"class_list":["post-362671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-4-21","tag-corporate-earnings","tag-streaming","tag-viacom","tag-viacomcbs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=362671"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/362672"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=362671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=362671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=362671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}