Paramount meets Q1 revenue expectations but Paramount+ subscriber growth lags behind targets

Paramount reported Q1 revenue of $7.347 billion, slightly above analyst estimates, with earnings per share matching forecasts at 15 cents. Paramount+ added 700,000 new subscribers, missing the 1 million target despite gaining UFC streaming rights. The company expects accelerating direct-to-consumer revenue and profit by 2026, while its traditional TV division continues to decline due to cord-cutting. Paramount is also preparing for its $110 billion merger with Warner Bros. Discovery, expected to close by September.