Paramount, Apple, Amazon, Roku, Banjay, and Comcast Q2 2025

Paramount, Apple, Amazon, Roku, Banijay Entertainment and Comcast released Q2 2025 earnings.

Some big takeaways here are that Paramount+ and Peacock were able to add to their profit or slow their losses by increasing their prices, even if it cost them subs or if their sub growth was flat.

Paramount Global’s Q2 2025 earnings, their final earnings before merging with Skydance, were profitable for the second quarter in a row:

• $57M profit

  • vs. $5.4bn loss last year

• $6.85bn revenue

  • ↑1%

• $4bn TV/Media revenue

  • ↓ 6%

• $254M theatrical revenue

  • ↑ 84%

Paramount streaming was the sunny spot as its DTC division reported healthy gains:

• $157M DTC OBIDA

  • ↑ 503% ($26M last year)

• $1.67bn Subscription revenue

  • ↑ 22%

• 77.8M subs

  • ↓ 1.3M for the quarter (vs. up 1.5M last Q)

Paramount+ increased revenue by 23%.

The office of the CEO stated:

“Streaming revenue growth outpaced linear declines, driven by exceptional performance at Paramount+. We saw the largest viewership growth among all subscription services in the US, up 26% vs. the first half of 2024.”

Skydance will officially acquire Paramount on August 7th.

Comcast’s Peacock stays at $1.2 bn. Here are the earnings stats for the NBCUniversal streamer:

Stayed flat from last quarter:

• $1.2bn revenue

• 41M subs

Losses:

• -$101M (improved from $348M losses last year)

• -226K domestic broadband subs (down from -199K last quarter)

Peacock’s parent company, Comcast, profit rose 183% (from $3.9B to $11.1bn but that was due to the $9.4bn sale of Hulu). $30.3 bn revenue (up 2.1% from last year).

NBCU’s movie and TV studio had $2.4bn in rev up 8% thanks to How to Train Your Dragon, but profit down 31% to $85M.

Roku Q2 2025. Here are their gains and losses and the comparison to Q2 2024:​

• $1.1bn revenue

  • ↑ 15%

• $16.9M net loss

  • ↑ from $84.8M loss

• 35.4bn streaming hours

  • ↑ 17%

Roku’s Q1 purchase of Frndly TV for $185M, a streaming service with live cable channels like:

• A&E

• Hallmark

• Lifetime

Helped grow its revenue, narrow their losses, and reduce churn.

Roku’s current scale exceeds half of broadband households and continues to grow.

Amazon Q2 2025. Amazon does not release individual numbers for Prime Video. Here is the most relevant figure from their earnings call and the delta from Q2 2024:

• $15.7bn - Overall ad services revenue

  • ↑ 23%

  • Boosted by Prime Video’s ad-supported tier

Full report here. Their net sales were $168bn. $18.2bn profit. They recently paid $20-25M/year to licence NY Times articles

Apple Q3 2025. Apple does not release individual numbers for Apple TV+. Here is the most relevant figure from their earnings call and the delta from Q2 2024:

• $27.42bn - Overall services revenue

  • ↑ 13%

  • Bolstered by Severance, The Studio and The Gorge

  • TV Viewership is up by double digits

​Their net sales were $94bn, meaning the services division makes up almost 30% of their total revenue. And a $23bn profit.

Full report here.

The Paris-based production giant, Banijay Entertainment (Peaky Blinders) sees higher numbers in its adjusted 2025 half-year earnings due to an increase in all around sales and a bigger push of YouTube and streaming content.

• $240 M half-year earnings

  • ↑5%

• $1.66 bn Banijay Entertainment revenue

  • ↑3%

  • $1.28 bn production wing

  • $172 M distribution wing

• $498 M EBITDA

  • ↑15%

After significantly reducing spending, Banijay continues its hot streak after its record-breaking 2024. The “steady” growth is accredited mostly to its global streamers with 17% of revenue coming from deals with Netflix and Prime Video.