{"id":406148,"date":"2022-02-16T05:19:00","date_gmt":"2022-02-16T02:19:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/earnings-results-viacomcbs-renames-itself-paramount-global-after-it-adds-a-record-9-4-million-streaming-subscribers\/"},"modified":"2022-02-16T05:19:00","modified_gmt":"2022-02-16T02:19:00","slug":"earnings-results-viacomcbs-renames-itself-paramount-global-after-it-adds-a-record-9-4-million-streaming-subscribers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/earnings-results-viacomcbs-renames-itself-paramount-global-after-it-adds-a-record-9-4-million-streaming-subscribers\/","title":{"rendered":"#Earnings Results: ViacomCBS renames itself Paramount Global after it adds a record 9.4 million streaming subscribers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4127a210161\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4127a210161\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-results-viacomcbs-renames-itself-paramount-global-after-it-adds-a-record-9-4-million-streaming-subscribers\/#Jon_Swartz\" >Jon Swartz<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Earnings Results: ViacomCBS renames itself Paramount Global after it adds a record 9.4 million streaming subscribers<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000606950\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000606950\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       ViacomCBS Inc. said it is renaming itself Paramount Global this week after it reported a record surge in its streaming-service business.<\/p>\n<p> \u201cEffective February 16, we\u2019ll be bringing together our leading portfolio of premium entertainment properties under a new parent company name,\u201d the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cbsnews.com\/news\/viacomcbs-announces-new-company-name-paramount\/\" class=\"icon none\">said<\/a>. Company shares will trade on NASDAQ<br \/>\n        COMP<span><\/span><br \/>\n       as PARAA (Class A common), PARA (Class B common) and PARAP (Preferred Stock), beginning Thursday.<\/p>\n<div class=\"paywall\">\n       ViacomCBS shares<br \/>\n        VIAC<span><\/span><br \/>\n       dipped more than 6% in extended trading Tuesday after the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> giant reported fiscal fourth-quarter earnings that fell short of Wall Street analysts\u2019 forecasts but a healthy jump in streaming subscribers led by its Paramount+ service. <\/p>\n<p>The company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ir.viacomcbs.com\/static-files\/12dcb1b9-4a0d-44f6-88fe-56933a2b4a06\" class=\"icon none\">posted <\/a>adjusted earnings of $557 million, or 26 cents a share, compared with $1.18 billion, or $1.04 a share, in the year-ago quarter. Revenue climbed 16% to $8 billion from $6.87 billion a year ago. <\/p>\n<p>\u201cOur success was evident across all lines of business, and spotlighted by streaming, where we achieved our best quarter ever in streaming 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 growth \u2014 more than doubling our subscriber additions from last quarter with a record 9.4M additions, expanding our total global streaming subscribers to over 56M,\u201d ViacomCBS Chief Executive Robert Bakish said in a statement announcing the results. <\/p>\n<p>Streaming revenue surged 48% to $1.32 billion during the quarter, topping analyst forecasts of $1.27 billion. The media giant \u2014 \u2014 whose properties include Paramount Pictures, CBS, Nickelodeon, MTV and Showtime \u2014 said\u00a0it expects 100 million subscribers for Paramount+ by 2024, up from previous guidance of between 65 million to 75 million at the end of last quarter. Paramount+ currently has 32.8 million subscribers.<\/p>\n<p>Analysts surveyed by FactSet had expected net income of 43 cents a share on revenue of $7.5 billion. They also expected 52.9 million total streaming subscribers.<\/p>\n<p>ViacomCBS stock is up 19% this year, while the broader S&amp;P 500 index<br \/>\n        SPX<span><\/span><br \/>\n       is down 6%. <\/p>\n<p>ViacomCBS\u2019s results come after rivals Walt Disney Co.<br \/>\n        DIS<span>,<\/span><br \/>\n       Apple Inc.<br \/>\n        AAPL<span><\/span><br \/>\n       and Amazon.com Inc.<br \/>\n        AMZN<span><\/span><br \/>\n       reported strong results, while Netflix Inc.<br \/>\n        NFLX<span><\/span><br \/>\n       warned of slackening growth. <\/p>\n<p>ViacomCBS has aggressively promoted its content, including original <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> \u201c1883,\u201d \u201cHalo\u201d and \u201cBig Nate,\u201d in a full-page ad in the New York Times on Tuesday.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jon Swartz\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/jon-swartz\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jswartz\",\"text\":\"@jswartz\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jswartz@marketwatch.com\",\"text\":\"jswartz@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jon_Swartz\"><\/span>Jon Swartz<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7942-E6FE7528D302%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Earnings Results: ViacomCBS renames itself Paramount Global after it adds a record 9.4 million streaming subscribers&#8221; ViacomCBS Inc. said it is renaming itself Paramount Global this week after it reported a record surge in its streaming-service business. \u201cEffective February 16, we\u2019ll be bringing together our leading portfolio of premium entertainment properties under a new parent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":406149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-400414\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-406148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406148","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=406148"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/406149"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=406148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=406148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=406148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}