Paramount+ adds 700,000 subscribers in Q1
Paramount+ adds 700,000 subscribers in Q1
The increase is welcome, but the streamer missed Wall Street expectations for the quarter in which its UFC deal first launched.
Paramount Skydance has turned in its quarterly earnings report, and the details show it was a good news/bad news quarter for the company’s top streaming service Paramount+. The streamer added customers during the quarter, but not as many as Wall Street expected it to after adding UFC events with no pay-per-view fees.
Key Details:
- On the upswing: Paramount+ added 700,000 customers in the first quarter.
- Where’s the money?: DTC revenue jumped 11% year-over-year for Paramount.
- One platform: Pluto TV will be added to Paramount+ this summer.
Paramount+ reported adding 700,000 subscribers in the first quarter, rising from 78.9 million in Q4 2025. While encouraging, the figure was not enough to meet Wall Street expectations; analysts estimated Paramount+ would gain at least 1 million new customers in Q1, thanks to the launch of UFC events on the streamer in January.
Paramount also said it increased direct-to-consumer revene 11% from the year-ago quarter, reaching $2.4 billion. The company’s executives said in a shareholder letter that they “continue to expect accelerating DTC revenue and profit in 2026.”
The company says it has made “significant progress” in its deal to acquire Warner Bros. Discovery. The agreement still needs the official OK of American and European regulators, and faces significant resistance in Hollywood circles. A class-action lawsuit has also been filed to stop the deal from being completed.
Paramount executives revealed with the earnings report that they would continue to overhaul the company’s suite of streaming services in 2026. Pluto TV will be added to the Paramount+ platform this summer, joining BET+ as Paramount streamers that are due to be integrated with its flagship service this year.
Paramount Plus
Paramount+ is a subscription video streaming service that includes on-demand access to 40,000+ TV show episodes from BET, CBS, Comedy Central, MTV, Nickelodeon, Nick Jr., and more. Get free access with a Walmart+ subscription.
Paramount+ includes “1883,” “Tulsa King,” “Star Trek: Discovery,” “SpongeBob SquarePants,” and “PAW Patrol.” Subscribers can watch the NFL, college football, The Masters, college basketball, UEFA Champions League, UEFA Europa League, Serie A, and NWSL. The service also offers the option to watch your live CBS affiliate. The upgraded ad-free package includes premium movies and shows from Showtime.