Paramount Outpaces Expectations, Adding Subscribers And Narrowing Streaming Losses

Paramount Global has one of the hottest shows on television over the past few years with Yellowstone, but it has been dogged by concerns about whether its streaming service, Paramount
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+, can compete against much bigger fish like Disney+ and Netflix
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, plus questions about TV advertising and streaming losses.

Its latest earnings report should ease some concerns about its competitiveness and long-term outlook. Investors were pleased, with company stock rising in after-hours trading.