Paramount Q1 Profit Rises on Streaming, Studios, Despite TV’s Decline

Home TV News May 4, 2026 1:20pm PT Paramount Q1 Profit Rises on Streaming, Studios, Despite TV’s Decline By Brian Steinberg Plus Icon Brian Steinberg Senior TV Editor bristei Latest Paramount Q1 Profit Rises on Streaming, Studios, Despite TV’s Decline 10 minutes ago Versant Sells SportsEngine to Playmetrics 3 days ago Sharyn Alfonsi Worries Openly About Her Future at CBS News’ ‘60 Minutes’ 3 days ago See All AFP via Getty Images Paramount Skydance said first-quarter profit rose despite shortfalls in the company’s largest business –traditional TV — as revenue dips from cable and broadcast were offset by growth in movie and TV production as well as subscriptions to Paramount+. In a letter to shareholders Monday, the owner of CBS, Comedy Central and the Paramount movie studio said revenue in the first quarter rose to nearly $7.35 billion, compared with about $7.19 billion in the year-earlier period — a hike of about 2%. The company said Paramount+ added about 700,000 subscribers, and overall revenue from direct-to-consumer operations increased 11% to $2.4 billion. Revenue from the company’s studios rose 11% to $1.3 billion, due in part to the performance of “Scream 7” in theaters and some financial restructuring. Related Stories Harvey Weinstein Faces Skeptical Appeals Court in Bid to Overturn L.A. Rape Conviction