Paramount Global (NASDAQ:PARA)

Total revenues exhibited a consistent upward trajectory between 2020 and 2022, increasing from US$ 25,285 million to US$ 30,154 million. This growth indicates a general expansion of the revenue base, although the contributions from individual streams varied significantly in terms of volatility and growth rates.

Advertising Revenue

Advertising revenue experienced an initial increase of approximately 17% between 2020 and 2021, reaching US$ 11,412 million, followed by a moderate decline to US$ 10,890 million in 2022. This suggests a peak in advertising demand or pricing in 2021, with a subsequent correction.

Affiliate and Subscription Revenue

A steady and consistent growth pattern is observed in affiliate and subscription revenues, which rose from US$ 9,166 million in 2020 to US$ 11,551 million in 2022. This stream represents a reliable and expanding source of income, contributing significantly to the overall revenue increase.

Theatrical Revenue

Theatrical revenues demonstrated the most significant growth rate, surging from US$ 180 million in 2020 to US$ 1,223 million in 2022. The exponential increase observed between 2021 and 2022 indicates a robust recovery in cinema-based distribution.

Licensing and Other Revenue

Licensing and other revenues remained largely stagnant over the three-year period, moving from US$ 6,188 million in 2020 to US$ 6,490 million in 2022. This segment functioned as a stable, non-growth baseline for the company's total earnings.