Bob Bakish also touted a record streaming subscriber growth month and a 'killer' 2022 film slate that includes 'Scream,' 'Sonic the Hedgehog 2,' 'Top Gun: Maverick' and 'Mission: Impossible 7.'
told Wall Street on Tuesday, also touting its growing total streaming revenue and film slate for 2022.
Speaking during the virtual UBS Global Technology, Media and Telecom Conference, he said that “November was our best month ever” for Paramount+, which is “having a big quarter,” but later also touted Showtime for achieving the same feat. The company had previously said that Paramount+ had its strongest weekly growth ever by adding more than 1 million subscribers during the week of Nov. 8.
In the current fourth quarter, total streaming revenue is crossing an annual run rate of $5 billion, Bakish shared, adding: “We are getting somewhere significant pretty quickly.” ViacomCBS said in February that it expects to grow its streaming revenue to $7 billion by 2024, up from a then-current run rate of $3.6 billion.
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