Paramount Global — Feb 26, 2025 release

lion, Up Subscription Revenue Significantly from Prior Year Grew (1)%, Including Growth in DTC ▪ Achieved Targeted Annual Run-Rate Cost Savings of $500 Million Subscription Revenue In addition, Skydance transactions are expected to close in the first half of 2025 – Theatrical Revenue Increased n/m – Advertising Revenue Declined 1%, STATEMENT FROM GEORGE CHEEKS, CHRIS MCCARTHY & BRIAN ROBBINS, CO-CEOS Reflecting Macroeconomic We are proud of the transformative year we delivered since becoming Co-CEOs, which marks a Headwinds] significant turning point for Paramount as we shift into a streaming-first company. DTC profitability improved $1.2 billion in 2024, driven by an impressive year at Paramount+, where we added 10 million new subscribers and delivered a 33% increase in revenue, which gives us – subscription revenue great confidence Paramount+ will achieve full year domestic profitability for 2025. In Q4, grew 7% year-over- Paramount+ saw the highest level of engagement yet and achieved a new record, ranking as year the #2 domestic SVOD service for hours watched across all Original Series. These remarkable – Filmed Entertainment achievements would not have been possible without the hard work of our talented teams and revenue grew 67% creative partners for whom we are deeply appreciative. year-over-year – Theatrical Revenue grew n/m year-over- year led by the box $ IN MILLIONS, EXCEPT PER SHARE AMOUNTS Three Months Ended December 31 Twelve