Paramount Global beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer “Top Gun: Maverick” even as streaming subscriber growth slowed.
The sequel to the 1986 action flick “Top Gun” surged past Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” as the highest-grossing movie of the year, bringing Paramount much needed relief in its film unit that has been struggling since the pandemic outbreak.
The film, which crossed $1 billion in global box office sales, also surpassed “Titanic” to become the company’s No. 1 domestic grossing film of all time….