Discovery reported an even bigger charge.
WBDs, of $9.12 billion, was trigged by the recent loss of NBA games.
The numbers beat on other metrics.
Paramount studio lotAaronP/Bauer-Griffin/GC Images
Streaming revenue rose 13% year-over-year.
Subscription revenue grew 12%, advertising revenue rose 16%.
Paramount+ global ARPU expanded 26% year-over-year.
Advertising revenue fell 11%, reflecting declines in the linear ad market.
Operating income decreased 15% to $1 billion.Filmed entertainment fell 18% to $679 million.
Revenues from licensing of film library titles fell.
Our strong performance in Q2 demonstrates that we are delivering on our strategic priorities.
We are proud of our results, including significant earnings growth largely driven by our DTC segment.
