Paramount revenue gets lift from 'Top Gun' sequel's blockbuster success

Reuters

Thu, Aug 4, 2022, 7:04 AM

Aug 4 (Reuters) - Paramount Global reported better-than-expected quarterly revenue on Thursday, powered by the May release of blockbuster Tom Cruise-starrer "Top Gun: Maverick" even as streaming subscriber growth slowed.

Revenue at the company, formerly known as ViacomCBS, rose 19% to $7.78 billion in the second quarter ended June 30, compared with analysts' average estimate of $7.57 billion, according to IBES data from Refinitiv.

(Reporting by Eva Mathews in Bengaluru; Editing by Sriraj Kalluvila)

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