Story perspectives

Paramount Sees Revenue Rise Amid Merger Talks and Subscriber Growth

2/27/2026

Summary

Story summary

Paramount reported a 2% fourth-quarter revenue increase to $8.15 billion, with diluted losses per share of 52 cents.
The TV Media division's revenue declined 5% as advertising revenue fell 10%.
Paramount+ grew its subscribers by 4%, reaching 78.9 million.
Paramount is pursuing a merger with Warner Bros. Discovery, raising its offer to $31 per share, while shares have fallen 24% since December, with Ellison describing the acquisition as an 'accelerant'.

History

Historical Context

The Telecommunications Act of 1996, signed into law by President Bill Clinton on February 8, aimed to foster competition in the telecommunications sector by deregulating media ownership. However, it inadvertently accelerated media consolidation, reducing the number of major companies from about fifty in 1983 to just six by 2005. This shift has led to a less diverse media landscape amid rising competition from streaming services.

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Story summary

Paramount reported a 2% fourth-quarter revenue increase to $8.15 billion, with diluted losses per share of 52 cents.
The TV Media division's revenue declined 5% as advertising revenue fell 10%.
Paramount+ grew its subscribers by 4%, reaching 78.9 million.
Paramount is pursuing a merger with Warner Bros. Discovery, raising its offer to $31 per share, while shares have fallen 24% since December, with Ellison describing the acquisition as an 'accelerant'.

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