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Paramount Plus Ended Q3 2022 With 46 Million Subscribers

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Paramount Plus had grown to 46 million subscribers by the end of the third quarter of 2022, thanks to the addition of 4.6 million new users. A standard Paramount Plus subscription costs either $4.99 or $9.99 per month depending on the use of ads. There is also the option to save on the price over 12 months by paying for an annual subscription, as well as the ability to bundle Paramount Plus with Showtime at a reduced monthly cost.

Compared to other streaming services, Paramount Plus is a little unique in the sense that it brings together content from a number of different networks including Paramount and CBS. This approach makes Paramount Plus a good subscription option for those that want access to popular network shows but don’t want to pay for a live TV subscription.

As of September 30, Paramount Plus had 46 million subscribers, up from the 43 million reported at the end of the second quarter of 2022. While this is a real-world increase of around 3 million, the increase is actually higher. As Paramount explains (PDF), SkyShowtime recently replaced Paramount Plus in the Nordics, resulting in the removal of 1.8 million Paramount Plus subscribers. When taking this change into account, Paramount Plus added 4.6 million subscribers during the third quarter of the year.

Paramount appears to be expecting another good quarter to close out the year, thanks to “the array of sensational content coming to Paramount+ in the fourth quarter” and the launch of the subscription service in even more countries. Paramount Plus is due to go live in France on December 1st, followed by Germany, Austria, and Switzerland on December 8th.

While Paramount Plus is only one of the direct-to-consumer services that the company offers, it was the one that mainly contributed to the quarterly gains. According to Paramount, the company closed Q3 of 2022 with almost 67 million DTC subscribers, up from the almost 64 million at the close of the second quarter.

Pluto TV, also owned by Paramount, reached 72 million monthly active users globally during the quarter. This is an increase of around 2 million compared to the nearly 70 million Pluto TV users reported for the second quarter of 2022. Similar to Tubi, Pluto TV is a completely free streaming service that provides ad-supported access to a selection of on-demand content and curated live channels.

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
Email: john@streamingbetter.com
X: @J_Finns
Website: JohnFinn.net

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