Paramount (PARA) - 2023 Q4 - Annual Results

Exhibit 99 STATEMENT FROM BOB BAKISH, PRESIDENT & CEO Our disciplined execution and strong content offering drove our results in 2023, as we continue to evolve our business for profitable growth in 2024 and beyond. In Q4, Paramount+ revenue increased 69%, DTC Adiusted OIBDA improved for the third consecutive quarter, and we now expect to reach domestic Paramount+ profitability in 2025 – a significant milestone. Looking ahead, we continue to be focused on maximizing the return on our content investments and ...