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Paramount Plus Ended Q1 2023 With 60 Million Subscribers

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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.

John Finn
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John Finn

By John Finn

John Finn is the Founder and Editor of Streaming Better, a platform created in 2019 to help consumers navigate the complicated live TV streaming and subscription service market.

John has been covering technology for various online publications since 2014. After originally covering the wider tech industry as a writer and editor, John now spends his time focusing on the emerging video-streaming market, including live TV streaming, SVOD, AVOD, FAST, and TVOD services.

In a bid to keep up to date on the industry, John actively subscribes to multiple streaming services at the same time. However, John continues to advocate that the best approach for consumers is to rotate between streaming services as needed.

A Psychology graduate from England, who now lives in the US, John previously worked in the aviation industry as an airline reviewer. While reviewing airlines isn't quite the same as reviewing devices and streaming services, John brings the same analytical eye to all of his reviews and industry analysis, along with a special emphasis on what's best for the consumer.

Connect with John
X: @J_Finns

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