Paramount earnings, revenue beat expectations as streaming business offers a boost

Paramount Skydance topped Wall Street's revenue and earnings estimates for the first quarter on Monday, as the media company got a boost from its streaming and film businesses. The company reported nearly $7.35 billion in first-quarter revenue, up 2% from the prior year, and lifted by the overall streaming business — which includes Paramount+, as well as BET+ and the free, ad-supported service Pluto. Revenue for the streaming unit grew 11% to $2.4 billion compared to the same period last year. …