Paramount Plus reached 60 million subscribers in the first quarter of 2023, marking a new milestone for the streaming service. The latest subscriber number represents an increase on the previous quarter and year.
Like many other streaming services, Paramount Plus offers multiple plans to choose from and this multi-tiered approach makes it easier for new subscribers to choose a plan which best suits their needs and budget. Not only is there an ad-supported plan priced at $4.99 per month and an ad-free tier at $9.99 per month, but it also possible to bundle Showtime with Paramount Plus and save in the process.
Paramount Global has now released its latest quarter results, confirming that Paramount Plus finished Q1 2023 with more than 60 million subscribers. The streaming service was able to reach this milestone thanks to the addition of 4.1 million subscribers in the first quarter, building on the 56 million subscribers reported at the end of the fourth quarter of 2022, and last year as a whole.
When looking at the year-over-year changes, the improvement is even clearer to see. Paramount Plus ended the first quarter of 2022 with almost 40 million subscribers, resulting in a gain of around 20 million compared to this time last year.
As to be expected, one of the reasons that Paramount Plus has proven popular is the selection of movies and shows, and that was the same during the most recent quarter. According to Paramount Global, Q1 global subscriber growth was driven by the return of shows like Mayor of Kingstown and Star Trek: Picard, as well as the popularity of its other original programming, including 1923 and Tulsa King.
On the movie side of things, Paramount Global pointed to Top Gun: Maverick and Teen Wolf: The Movie as contributing to subscriber growth, along with the NFL Playoffs.
