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Paramount Plus was profitable for the second quarter in a row.
The streaming service added 3.5 million subscribers and posted a $49 million profit — up from the $26 million reported last quarter. Netflix is no longer the only profitable streaming service, as Disney’s streaming apps and Max are also making more money through price hikes and a growing ads business.
Paramount Posts $49M Streaming Profit Amid Gain of 3.5M Subs, Film Unit Swings Back to Black
[The Hollywood Reporter]
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