TotalParamount Globalrevenue of $8.1 billion was up 2% from the year earlier.
TV Media saw dips inadvertising, affiliate and licensing revenue.
Shares were down in early trading.
Rafael Henrique/SOPA Images/LightRocket via Getty Images
Subscription revenue rose 48% year-over-year, reflecting Paramount+ gains.
Streaming ad sales firmed 4% and subscriptions surged 48%.
In TV Media, ad revenue fell 7%.
Licensing and other revenue declined 11% as it produced less programming for third parties.
Operating profit rose 5% however, on lower costs.
Also this week, Warren Buffetts Berkshire Hathaway said it boosted its investment in Paramount Global last quarter.
Paramount continues to demonstrate the success of its global multiplatform strategy, with popular content at its core.
Nowhere was this more evident than in the growth of Paramount+, said CEOBob Bakish.
Hell be hosting a conference call with analysts at 8:30 am ET.
