Paramount Global said its “Top Gun” sequel and its growing streaming business helped boost revenue in the latest quarter, while its television business began to feel a slowdown in the advertising market.
With more than $1.3 billion in global box-office revenue so far, “Top Gun: Maverick,” which premiered over Memorial Day Weekend, already surpassed Paramount’s own “Titanic” to become the studio’s biggest domestic movie of all time. Along with other titles including “The Lost City” and “Sonic the Hedgehog 2,” it helped Paramount’s filmed-entertainment division post a more than twofold increase in revenue to $1.36 billion.
