Analysts were looking for $7.4+ billion.
Licensing and other revenue declined 15% year-over-year primarily reflecting a lower volume of licensed content.
Operating income fell 15%.
SCREAM VIParamount Pictures / Courtesy Everett Collection
Operating losses for streaming widened to $511 million from $456 million.
Pluto TV hit 80 million monthly active users (MAU) in the quarter.
DTC revenue increased 39% year-over-year.
The Paramount+ withShowtimebundle also benefited from strong Showtime content slate includingYour HonorandYellowjackets.
Filmed entertainment sales dipped 6% year-over-year.
Theatrical revenue decreased $4M reflecting the timing and mix of releases.
Licensing and other revenue decreased $35M driven primarily by lower consumer products licensing revenues.
1 in March, debuted on Par+ in late April.
Late night went dark immediately, anda number of TV shows have been impacted includingYellowjackets.
Paramount continues to demonstrate the strength of its content engine, driving momentum across streaming, television and theatrical.
Looking ahead, we are focused on continuing to drive market-leading streaming growth while navigating a dynamic macroeconomic environment.
Showtime content will then be available on Paramount+s premium tier.
The move is U.S. only.
Paramount has also been shedding assets.
