NASDAQ$PSKY
Paramount Skydance Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
ViacomCBS demonstrated strong growth in streaming and advertising revenue, with Paramount+ driving subscriber additions.
ViacomCBS reported an 8% increase in total company revenue, driven by substantial growth in streaming and advertising. The company added 6.5 million global streaming subscribers, reaching over 42 million. Paramount+ was a key driver of subscriber growth and engagement.
- Global streaming revenue grew by 92% year-over-year, driven by subscriptions and advertising.
- Total company revenue increased by 8% year-over-year, with advertising revenue growing by 24% and affiliate revenue by 9%.
- Global streaming subscribers reached over 42 million, with 6.5 million subscribers added in the quarter.
- Pluto TV's revenue more than doubled for the fourth consecutive quarter, contributing significantly to streaming advertising growth.
Headline financials
Revenue & EPS history
Paramount · Revenue · Quarterly
$6.56B
Revenue by segment
Paramount · $4.46B total across 3 segments · Q2 2021
- TV Media$2.81B+22.8%63.0%
- Direct-to-Consumer$983M—22.0%
- Filmed Entertainment$667M+3.1%15.0%
Forward guidance
ViacomCBS is focused on scaling Paramount+'s content offerings and expanding its reach with global audiences. The company recently announced distribution agreements with Charter Communications and Cox Communications and plans to launch Paramount+ in new international markets.
Tailwinds
- Continued carriage of ViacomCBS content and streaming services through multi-year distribution agreements.
- Expansion of Paramount+ footprint internationally, including key European markets.
- Strong subscriber growth and engagement driven by Paramount+ originals.
- Growth in advertising revenue, driven by CBS' broadcasts of sporting events and an improved advertising market.
- Strong growth in sign-ups and engagement for SHOWTIME OTT, driven by originals.
Headwinds
- Adjusted OIBDA decreased due to increased investment in Paramount+.
- Licensing and other revenue decreased due to the licensing of domestic streaming rights to South Park in the prior year.
- Lower ratings partially offset advertising revenue growth in TV Entertainment.
- Adjusted OIBDA declined in Filmed Entertainment due to distribution costs associated with theatrical releases.
- Subscriber declines partially offset affiliate revenue growth in Cable Networks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.8%
Avg return
Earnings day
-1.6%
Avg return
5 days after
-2.7%
Avg return
30 days after
60%
24 / 40 earnings
Positive
+10.4%
Q3 2023
Best reaction
-28.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -0.1% | -6.5% | |
| Q4 2025 | +10.0% | +22.5% | -13.5% | |
| Q3 2025 | -0.5% | -2.4% | +3.6% | |
| Q2 2025 | -5.5% | -11.7% | +10.5% | |
| Q1 2025 | +2.2% | +1.1% | +2.1% | |
| Q4 2024 | +0.2% | +2.3% | +3.0% | |
| Q3 2024 | -4.0% | -3.2% | -4.7% | |
| Q2 2024 | -2.4% | -1.6% | -3.5% | |
| Q1 2024 | +2.9% | +8.2% | -1.8% | |
| Q4 2023 | -1.7% | -8.4% | +4.6% | |
| Q3 2023 | +10.4% | +18.9% | +46.1% | |
| Q2 2023 | +2.9% | -2.3% | -14.3% | |
| Q1 2023 | -28.4% | -27.8% | -32.7% | |
| Q4 2022 | -4.2% | -6.6% | -19.7% | |
| Q3 2022 | -12.4% | -14.6% | +6.3% | |
| Q2 2022 | +1.1% | -1.4% | -7.7% | |
| Q1 2022 | -1.3% | -7.8% | +3.8% | |
| Q4 2021 | +2.7% | -19.0% | +5.3% | |
| Q3 2021 | -4.4% | -5.5% | -17.3% | |
| Q2 2021 | +7.1% | +5.1% | +6.4% | |
| Q1 2021 | -2.4% | +1.0% | +6.6% | |
| Q4 2020 | +1.9% | +4.3% | -25.1% | |
| Q3 2020 | -6.4% | -3.5% | +18.1% | |
| Q2 2020 | +3.4% | +2.0% | +10.6% | |
| Q1 2020 | +10.3% | +22.6% | +66.8% | |
| Q4 2019 | -17.9% | -28.9% | -66.4% | |
| Q2 2019 | -17.9% | -28.9% | -66.4% | |
| Q3 2019 | -3.6% | -1.6% | -3.6% | |
| Q1 2019 | -1.4% | -5.2% | -5.6% | |
| Q4 2018 | +3.1% | +4.3% | -2.9% | |
| Q2 2018 | +3.1% | +4.3% | -2.9% | |
| Q3 2018 | +2.0% | +0.8% | -5.5% | |
| Q1 2018 | +9.1% | +5.5% | +2.5% | |
| Q4 2017 | +1.6% | -0.5% | -9.3% | |
| Q2 2017 | +1.6% | -0.5% | -9.3% | |
| Q3 2017 | +2.8% | +2.4% | +3.7% | |
| Q1 2017 | +0.6% | +0.2% | -3.4% | |
| Q2 2016 | +0.4% | +2.6% | +2.3% | |
| Q4 2016 | +0.4% | +2.6% | +2.3% | |
| Q3 2016 | +0.6% | +4.7% | +9.1% | |
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