shares of paramount global inc para were headed about 2 higher in premarket trading after the media company once known as viacomcbs topped expectations with its latest financial results the company logged operating income of 819 million down from 123 billion a year before on a pershare basis paramount earned 53 cents compared with 150 in the yearearlier quarter after adjustments the company posted earnings per share of 64 cents down from 97 cents a year prior but ahead of the factset consensus which was for 61 cents the company noted in its earnings release that it incurred higher spending related to its directtoconsumer services in the latest quarter relative to a year before paramounts revenue increased to 778 billion from 656 billion while analysts had been projecting 756 billion the company added 49 million paramount subscribers and saw revenue from that streaming service rise 120 the companys total global directtoconsumer subscriber count increased to almost 64 million and reflected the removal of 39 million subscribers from russia  in q2 we grew total company revenue by 19 percent and took market share in streaming in broadcast tv in box office and in upfront dollars all while increasing our penetration of the most important growth market in mediastreaming chief executive bob bakish said in a release shares of paramount have lost 17 over the past three months as the sp 500 spx has fallen by 05