Paramount+ reached 82.2 million subscribers, and Skydance will stop reporting the count

Paramount+ had 82.2 million subscribers at September 30, 2026, Skydance said on November 9, up 4.3 million, or 6%, from a year earlier. It may be the last quarterly figure for a while. Starting with its fourth-quarter results, the company said, it “will no longer provide quarterly subscriber disclosures,” and will instead highlight milestones and measures such as engagement.

Skydance is the new name of Paramount Skydance, which completed its takeover of Warner Bros. Discovery on October 6. WBD joins its results from that date, so the third-quarter figures leave it out.

Five quarters of Paramount+

Subscriber growth slowed in the latest quarter, to 0.6 million, or 1%, from 81.6 million at June 30. Revenue grew much faster than the subscriber base. Paramount+ revenue rose 21% from a year earlier, its fastest quarterly growth this year, Skydance says, as average monthly revenue per subscriber rose 14% to $8.69, helped by earlier price increases and faster advertising growth. Paramount+ engagement, the kind of measure Skydance now says it will emphasize, was up more than 20% on a year earlier, by its account. BET+ was folded into Paramount+ during the second quarter.

Skydance counts only paid subscriptions. They include people who sign up through its own apps and websites or through other distributors, and those who get Paramount+ in a bundle with an online pay-TV service in the U.S. or through an international partner.

Bigger, and harder to see

With WBD, Skydance says Paramount+, HBO and HBO Max together reach 203 million subscribers worldwide. That figure adds up each company's count under its own definition, covers only HBO and HBO Max on the WBD side, so Discovery+ is left out, and does not remove people who pay for both. Pluto TV, the free service, has about 75 million monthly active users. On a pro forma basis that includes WBD, streaming revenue grew 15% in the quarter.

The company plans to sell HBO Max and Paramount+ together in a bundle from early 2027, and aims to align the two services' back-end systems within a year of closing. It says it will manage streaming for “long-term profitable growth” and measure performance by financial results, and describes dropping the quarterly count as in line with other leading streaming companies. Related: why Netflix stopped reporting subscriber numbers.

The rest of the quarter

Excluding WBD, Skydance's revenue rose 5% to $7.0 billion, net earnings were $73 million, and adjusted EBITDA, a non-GAAP measure, was $1.0 billion. For the fourth quarter, it expects continued strong growth in streaming revenue. It also says the Warner Bros. film slate has underperformed, and it expects a hit to studio profit of up to $200 million against its earlier expectations.