{"id":46002,"date":"2023-08-08T14:59:56","date_gmt":"2023-08-08T18:59:56","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/paramount-stock-jumps-on-streaming-progress-its-over-to-disney\/"},"modified":"2023-08-08T14:59:57","modified_gmt":"2023-08-08T18:59:57","slug":"paramount-stock-jumps-on-streaming-progress-its-over-to-disney","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46002","title":{"rendered":"Paramount Stock Jumps on Streaming Progress. It’s Over to Disney."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

The streaming wars are no longer just about subscriber growth.
\n Paramount Global
\n added just 700,000 subscribers in the second quarter, compared to 4.1 million in the first quarter.<\/p>\n

But the post-earnings stock price reaction couldn\u2019t be more different.\u00a0\u00a0<\/p>\n

\n

The stock tumbled 28% back in May after its last quarterly earnings, yet it looks set to climb Tuesday despite the sharp slowdown in new subscribers. A deal to sell its publishing business Simon & Schuster for $1.62 billion to private-equity firm
\n KKR
\n is one reason for the move, but another is the progress it has made in its streaming business.<\/p>\n

Paramount (ticker: PARA) grew subscription revenue in its streaming segment by 47% in the quarter, driving a beat in overall revenue. Losses in its direct-to-consumer business, which includes Paramount+, narrowed to $424 million from $445 million in the same quarter in 2022.<\/p>\n

Paramount\u2019s improvement on that front adds to the pressure on
\n Disney
\n (DIS), which is due to report earnings after the bell Wednesday. CEO Bob Iger has made turning around the media and entertainment giant\u2019s streaming business a priority. The company\u2019s direct-to-consumer segment has lost $4.2 billion in the past four quarters but management expects it to break-even by the end of the fiscal year 2024.<\/p>\n

Investors will be keen to see some signs of improvement in
\n Disney\u2019s<\/span>
\n fiscal third quarter results Wednesday.<\/p>\n

Paramount\u2019s progress is partly down to its strategy of bundling subscription packages together, something it has done with Sky, Canal and
\n Walmart
\n (WMT). It has another bundle up its sleeve, launching an integration with Showtime at the end of June.\u00a0<\/p>\n

CEO Robert Bakish said the Showtime bundle has allowed the company to make cost savings and increase prices, on the company\u2019s earnings call.<\/p>\n

The slowdown in new subscribers reflects seasonal softness, but also the fact that Paramount has delayed some content releases to align with the Showtime bundle launch, Chief Financial Officer Naveen Chopra said. As a result subscriber growth should pick up again in the second half.<\/p>\n

The company\u2019s total revenue fell 2% to $7.62 billion, beating analysts\u2019 estimates of $7.44 billion, according to FactSet data. Adjusted earnings per share of 10 cents per share, beat expectations for the company to break even.<\/p>\n

The stock pointed 3.4% higher at $16.63 in premarket trading. <\/p>\n

Write to Callum Keown at callum.keown@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1 million in the first quarter. But the post-earnings stock price reaction couldn\u2019t be more different.\u00a0\u00a0 The stock tumbled 28% back in May after its last quarterly earnings, yet it looks set to […]<\/p>\n","protected":false},"author":1,"featured_media":46003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-46002","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nParamount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=46002\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=46002\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T18:59:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T18:59:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1691521196_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46002#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46002\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Paramount Stock Jumps on Streaming Progress. It’s Over to Disney.\",\"datePublished\":\"2023-08-08T18:59:56+00:00\",\"dateModified\":\"2023-08-08T18:59:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46002\"},\"wordCount\":394,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46002#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46002\",\"url\":\"https:\/\/ifintechworld.com\/?p=46002\",\"name\":\"Paramount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-08T18:59:56+00:00\",\"dateModified\":\"2023-08-08T18:59:57+00:00\",\"description\":\"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46002#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46002\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46002#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Paramount Stock Jumps on Streaming Progress. It’s Over to Disney.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Paramount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld","description":"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=46002","og_locale":"en_US","og_type":"article","og_title":"Paramount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld","og_description":"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1","og_url":"https:\/\/ifintechworld.com\/?p=46002","og_site_name":"iFintechWorld","article_published_time":"2023-08-08T18:59:56+00:00","article_modified_time":"2023-08-08T18:59:57+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1691521196_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=46002#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=46002"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Paramount Stock Jumps on Streaming Progress. It’s Over to Disney.","datePublished":"2023-08-08T18:59:56+00:00","dateModified":"2023-08-08T18:59:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=46002"},"wordCount":394,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=46002#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=46002","url":"https:\/\/ifintechworld.com\/?p=46002","name":"Paramount Stock Jumps on Streaming Progress. It's Over to Disney. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-08T18:59:56+00:00","dateModified":"2023-08-08T18:59:57+00:00","description":"The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=46002#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=46002"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=46002#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Paramount Stock Jumps on Streaming Progress. It’s Over to Disney."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46002"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46002\/revisions"}],"predecessor-version":[{"id":46004,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46002\/revisions\/46004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/46003"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}