Paramount Global — Nov 2, 2023 release

â–ª Adjusted OIBDA improved 31% as higher revenue more than offset incremental costs to support the growth of Paramount+. The Chi SpongeBob SquarePants – The company now forecasts full-year DTC losses in 2023 will be lower than in 2022, with DTC losses in Q4’23 similar to Q4’22. Three Months Ended September 30 $ IN MILLIONS 2023 2022    $ B/(W) % Revenue $ 1,692 $ 1,226 $ 466 38 % â–ª Advertising 430 363 67 18 â–ª Subscription 1,258 863 395 46 â–ª Licensing 4 — 4 n/m Expenses 1,930 1,569 (361) (23) Adjusted OIBDA $ (238) $ (343) $ 105 31 % $ IN MILLIONS Nine Months Ended September 30 2023 2022    $ B/(W) % Revenue $ 4,867 $ 3,508 $ 1,359 39 % Source: Antenna â–ª Advertising 1,269 1,073 196 18 â–ª Subscription 3,594 2,435 1,159 48 â–ª Licensing 4 — 4 n/m Expenses 6,040 4,752 (1,288) (27) Adjusted OIBDA $ (1,173) $ (1,244) $ 71 6 % n/m—not meaningful 2 Q3 2023 EARNINGS – SEGMENTS TV MEDIA OVERVIEW TV Media contributed significant revenue and earnings, driven by the strong performance of CBS content spanning live sports, news, and entertainment. Notably, the NFL on CBS is delivering its best season viewership in years. Q3 FINANCIALS â–ª Revenue was $4.6B. – Affiliate and subscription revenue was substantially flat. Lower affiliate revenue was offset by revenue from pay-per-view events. NFL on CBS The Amazing Race – Advertising revenue decreased 14%, reflecting continued softness in the global advertising market and lower political adverti