Paramount Global Races to Make Streaming a Profit Center – But the Clock Is Ticking | Analysis

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The scale of linear TV losses has stunned Wall Street and Paramount is running out of time to go it alone

Paramount Global CEO Bob Bakish and nonexecutive chairwoman Shari Redstone
Paramount Global CEO Bob Bakish and nonexecutive chairwoman Shari Redstone (Credit: Getty Images/Chris Smith for TheWrap)

While speculation about a sale continues to hover over Paramount Global, CEO Bob Bakish made clear on Wednesday that he is focused on solving the core problem plaguing all of Hollywood’s major studios: making streaming work before linear TV drags profits down too far.

As Paramount released its fourth-quarter results, Bakish and CFO Naveen Chopra told analysts that the struggling company — which S&P Global put on a negative credit watch last week — was a year ahead of schedule on realizing “peak losses” and could make domestic streaming profitable sooner than expected.

Revenue for three-year-old streaming service Paramount+ shot up 69% in the fourth quarter, year over year, “and we now expect to reach domestic Paramount+ profitability in 2025 — a significant milestone,” Bakish said in a statement on Wednesday.

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