everyone, out Good we’re beyond. closed excited on we as and Today, in give where a and Paramount’s driving performance preview our I’m XXXX joining to you of provide us. and perspective morning, I’ll XXXX, you for thank
ago, by streamline reflecting Let almost me become a and we noting announced single would one become our begin ViacomCBS year operations that to that Paramount, determination integrated company.
evolve for content an our drive value expansive to that content, to had strategy business, industry-wide and popular long-term make make existing has approach: shareholders. worked increasingly through to vision: One a popular Paramount as multi-platform our transformation. together and content one We’ve distinct relationships our one And leverages Paramount to successfully with One that strategy our our
a for and momentum describe made with milestone and content approach is incredible as platforms. we’ll That year delivering, across our Paramount XXXX
year flow. including earnings streaming economic investment ad our As Those in with coupled challenging softness an impacted and in business. cash environment, a investments, was the also planned, XXXX market,
once exceeding continue most growth out The our is streaming to plan. this bottom we’re metrics sharpened in on set streaming investment differentiated proud only key focus our we But execute year. we cases, pass I’m the delivering and going on achieve. line working, strategy and our to committed to it of hitting to we incredibly peak progress,
further into As the year momentum a year ahead and moved point, XXXX, we we Paramount+ look back we continued peak get we as harness to of ad where of as our content and investment hit power a turn we Showtime to we a half. the Paramount, us, of scaling see of to the including One streaming year year with importantly platform further where the integration a market
stage Importantly, XXXX plan a of the set flow. in significant our a and cash the earnings for return to to will growth free positive execution return XXXX
more. me a into Let this bit get
Paramount+ its Minds: XXXX, originals then XXXX ones content in the biggest proved to King, at Top show broadcast and engine looking number Yellowstone looking and domestic market other First, XXXX. the popular Country; level. Think theaters; FBI, at definitively expanding hits NCIS itself back and our universe; Fire like Gun: television, Criminal year’s number the on In and one ahead five like Evolution. and and mass Tulsa Maverick XXXX the film highest
across love, exploiting the platforms. know an and content content expanding more which focused more. to and audiences, manage end, fans into We us lean our approach efficiently we developing, we’ll enables spend that on premium To franchises
powerful. are results The
TV million QX. users Paramount+ new subscribers engine additions X.X Pluto in million monthly of content world-class has with It paid an subscriber since continued in biggest Our streaming leadership including active in television to ad QX. new led driven free launch, streaming supported industry-leading in the X.X
Pluto globally. but the U.S., TV not grew As just in
number most with at the watched the combine with cable linear in office huge content you number that the media also films the When our CBS’ TV six regained network. as engine success at box opening crown in U.S. broadcast, strongest one our and family XXXX, Paramount as one QX. it’s on streak XX-year performance, performance fueling drove the Paramount In Pictures why
and note that and our engine, to become in Roku France, where Canal+, disciplined earnings Korea expanded Sky, streaming Germany, Amazon, of and and also partner footholds where of media Italy, transforming and our to Corus, markets, ongoing in the stability created enabled management, with Walmart, the with execution also launches important the international expense streaming important partnerships expansion, the rapidly headwinds. Canada a new TV Delta, XXXX we South And content in UK, important was gained we combined landscape an Media choice QX others including of Ireland, despite Nordics, in likes continued year of revenue tight globally. ad
Looking back our is clearly working, is XXXX, strong. our at differentiated strategy and execution
XXXX. talk XXXX about be content will let’s So of momentum. another year
popular most Impossible, Our Scream, And momentum XXXX is Mission only and film Patrol. by PAW and franchises, some is getting driven stronger. slate Transformers of CBS’ including our strong
economics. And broadcast is achieving which to XXth on great also slots and limited thus pilot fill of verge the network very straight the The very see is stability one focused year. few and we for for status in activity, the good number schedule our with
new Rabbit will Sure, XXXX more Morgan Kidman that On Freeman. return. Jackson, originals. see and favorites Kiefer and plus Paramount+, Joshua to like all Lioness Caplan Attraction all will Hole you Nicole your Minds, other with with great Paramount+ and Criminal with Sutherland and series Lizzy great Add Fatal King, of Tulsa this
our be to our to early portfolio the know, we we of we in also will in half its felt in ad like advertising, and in of market with year XXXX back excellent the The stabilization market, But looking the puts forward seeing, cyclically been as improvement year. early impact advertising. tough. XXXX. respect in peers, we’re stabilization And to are on position seeing us signs an build has are the important an where an we
and and recent is across pharma, and auto in marketplace in to we’re be activity sports NCAA. PGA seeing continues like encouraging. The travel the what NFL, active We
to importantly, because benefit in strongly as pay streaming we of multiyear together ad-supported improves. free the will is the year evolution More market a a be Paramount as and important bring on also business. positioned turnkey streaming an broadcast, XXXX basis,
are with now as $X.X QX. exit point streaming generating the We are revenue to we basis we getting in over a at rate scale annual billion where on run
discipline are investment note managing the Since Media-like build achieves have and day now headwinds recent the necessitate one, the to this which against year And get XXXX, one entering business, phase. there in marketplace, of again we margins. we only third a plan at with profitable that Paramount+ have we that investment. executed a an TV in peak streaming our macro execution I’d the investment. And are sharpened To
of to growth current And the and we As positive flow. in of see combination and support impact in company cash the importantly, in and losses cash XXXX, meaningful but in scale a XXXX, earnings free the investment will return market streaming to narrowing resulting it. the ad significantly XXXX, flexibility we flow and earnings state have total
operational As drivers: our about and important you to DXC distinct path content think streaming understand spending to growth, it’s revenue efficiencies. profitability, three
each in Let me turn. tackle
continue this to important, first will our to and is Across leveraging at First, drive streaming business. are scale DXC will foremost number Subscriptions critical growth. subscribers revenue. compelling focus of the building we the real but globe, pursue revenue and a is Revenue we the to grow by continue in content. XXXX, profitable will
drive Paramount+ also for streaming growth We leader. revenue the the increases. We’ll with value know represents is far consumers. all from price incredible And price offering industry
of value We pricing are the the end spectrum. on
markets. finally, another raise new partnerships will lever both XXXX, select price, also international And revenue DXC and we growth, benefit in Growth with the this see advertising And bit in more. so for into Paramount+ for as will a ARPU. Essential, others. among in and Naveen get Delta, Orange, both we X including relationships U.S. and will Premium
efficiently franchises Nick’s there’s extend of more. And LTVs. by selective swings advantage. manage continue built-in churn on course, lever take will our bases on product we question drive will, By is content Put and franchises. Paramount with see give levels manage CBS with our awareness higher far, strong volume, drive acquisition a to and of the associated that towards this biggest franchises series, people acquisition with We what no consumer want. lower Second, focus kids lower fan costs, spend. IP profitability Films, to to with subscriber spending IP, new The while we to Taylor and with universe, powerful the simply, they this Sheridan are continuing
size by lean our also our of our continuing This We’ll manage revenue content to us market, and maximizes the broader increases addressable access total investments. return gives spending multi-platform on streams advantage. into to
a basis. the cost crossing You see theatrical and streaming, doing efficient Paramount with which most Films start per on this are among us
XX that exposed we where a see doing wider years us our CBS including, audience audience. a slate, broadcast this nearly audience, younger streaming importantly, the with than to You product is
that at viewers minutes substantially CBS originals. content amount with virtually CBS cross-platform As XXX is to time the U.S. comparable content an billion aside, original point I’d spent on digital. performing spent same That’s a of alone In linear larger consuming Netflix. viewers QX, and both of level as out entire Netflix’s slate
done our billion fans also late the as million January, the level, of the minutes three-month Sheridan Taylorverse You’re we our power world sense you both and a XX give XX November at more Taylor multi-platform Sheridan broadly just early around streaming doing of to ecosystem span, with consumer linear across a from over this the platforms. more To this on have universe. in approach watched us than on Taylor seeing of the
efficiencies optimization. to profitability operational The we through focus third drive portfolio a and on continued way is
integrate step our sales. Showtime. our recent global journey mentioned, on and I’ve transformation ongoing initiatives to Paramount next is become ad the with Paramount, to is One studios, operations As as One In Paramount+ with
As in both United Paramount+ This network the move Paramount+ in our multi-platform where space, streaming streaming Showtime from its on Showtime with you you content tier love. contribute the year, the more definitive with premium the the know, this will franchises makes linear and will States. distinctive service Paramount+ Showtime later become
more revenue the benefits include As Naveen cost. discuss will detail, economically, and both in
for price be supporting integrated associated On the more revenue gains. the and consumers, increases product side, ARPU will engaging
We expect our the product we’ve will that already integrated seen with something churn, also lower bundles.
ensure to which there and what’s of stable the it our proud together, how what helps all accomplish our about is On in just organization, Put it Stepping come of tech, remains to in I’m particulars, a TV let And path transition driver. worked to together big course, has incredibly of and streaming am team it the and, the cost marketing even Media which content. earnings back from And to say accretive excited side, me XXXX. revenue also more I a XXXX. business, multiple benefits, include profitability. are
turn let detail. more break to Naveen me Naveen? in to With financials that, it the down
