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Paramount+ Closed 2023 With 67.5 Million Subscribers

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Paramount+ closed out the fourth quarter of the year, and 2023 in general, with 67.5 million subscribers. The streaming service also saw a 69% year-over-year increase in revenue.

The 67.5 million subscribers for Q4 2023 resulted in an increase of around 4.1 million. Paramount+ ended the third quarter of 2023 with more than 63 million subscribers. With the service also having ended the previous year with 56 million subscribers, Paramount+ managed to add more than 11 million subscribers over the past twelve months.

Notably, the 4.1 million subscribers added during the fourth quarter of 2023 was significantly lower than the 9.9 million subscribers Paramount+ added during the fourth quarter of 2022.

Paramount Global also reported a 69% increase in Paramount+ revenue. Overall, Paramount Global saw direct-to-consumer subscription revenue grow by 43%, with Paramount attributing the increase to subscriber growth and price increases. The price of Paramount+ increased in July of 2023, taking the cost of the Essential plan up to $5.99. At the same time, the Premium plan was replaced with the Paramount+ with Showtime plan, resulting in a $2 monthly price increase.

While the company continues to promote growth in subscribers, there is the issue of what’s going to happen to the service, and its owner, Paramount Global. Over the past few months alone, there has been a good number of reports pointing to the likelihood of a sale or some form of a commercial deal.

For example, reports have already linked Paramount Global to Warner Bros. Discovery, Peacock, Skydance Media and Allen Media Group. While Warner Bros. Discovery now seems to have pulled out of any potential deal, there’s still the possibility for one of the others to come to some form of an arrangement.

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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