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Paramount’s Streaming Surprise: Profit Surge Amid Revenue Disappointment

Paramount Global reported a quarterly profit but missed revenue expectations, with advertising and filmed entertainment underperforming. Paramount+ streaming service saw strong growth to 67.5 million subscribers and posted significant revenue increases, aiming for profitability in 2025. The company is considering sale options, but talks with Warner Bros. Discovery have stalled. Recent layoffs impacted 800 employees amidst declining TV media revenue.