Elizabeth Wright is Executive Vice President, and Chief Financial Officer of Paramount Global’s Direct-to-Consumer Segment. Elizabeth is responsible for all aspects of the finance function and steering the strategy for the global business, including Paramount+, Pluto TV, and BET+. In 2023, she drove notable progress in scaling the DTC business. Elizabeth is a proven business partner, she understands the needs and wants of the C-suite, her stakeholders, and her team. Whether it is running the annual budget process for the Streaming segment, managing the monthly KPIs, or influencing strategy from a finance perspective, she listens carefully and ensures voices are heard, then quickly operationalizes. She thrives in driving initiatives for growth by finding and evaluating new business opportunities now and in the long term. Collaboration and building successful partnerships are second nature to her. As a conscientious, big-picture thinker, she anticipates the financial ramifications while bringing her partners with her. Developing emerging talent and cultivating relationships and careers is foundational to her leadership. Facing challenges and finding solutions are her biggest motivators. In 2023, Elizabeth executed the integration of Showtime into Paramount+, which led to a reduction in full year DTC losses and contributed to Paramount’s peak streaming losses being in 2022, a full year ahead of schedule. Elizabeth is focused on strong revenue growth, driven by improving engagement and retention, ARPU expansion, and subscriber growth. She drove incremental operating leverage, driven by improved content and marketing efficiencies and slowing the growth in other operating expenses. Despite macroeconomic headwinds and industry competition, with Elizabeth’s financial guidance and expertise, Paramount+ revenue grew over 60% in 2023, while content, marketing, and other expenses grew at a significantly lower rate. Paramount+ has captured operating leverage in streaming faster than expected based on Elizabeth’s contributions. (As reported in Paramount Global’s Q4 2024 Earnings). With Elizabeth at the helm as Chief Financial Officer, Paramount Streaming made significant progress in scaling the DTC business, which will result in significant earnings growth for Paramount in 2024 and drive Paramount+ to reach domestic profitability in 2025, ahead of projections and a significant and exciting milestone in Paramount’s transformation.
Listed skills include Finance, Financial Reporting, Financial Analysis, Financial Modeling, and 15 others.
