Elizabeth Wright

Elizabeth Wright Email and Phone Number

Executive Vice President and Chief Financial Officer, Direct to Consumer at Paramount Global @ Paramount
Elizabeth Wright's Location
New York, New York, United States, United States
Elizabeth Wright's Contact Details

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About Elizabeth Wright

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.

Elizabeth Wright's Current Company Details
Paramount

Paramount

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Executive Vice President and Chief Financial Officer, Direct to Consumer at Paramount Global
Elizabeth Wright Work Experience Details
  • Paramount
    Executive Vice President And Chief Financial Officer, Direct To Consumer Segment / Streaming
    Paramount Oct 2020 - Present
    New York, Us
    - Chief Financial Officer responsible for all financial aspects of Paramount’s Direct to Consumer Segment.- Executive Member of the Finance Senior Leadership team reporting to both the EVP/CFO of Paramount Global and the CEO of Streaming. - Direct team of four global direct reports (total team of 80 Globally) responsible for Digital Finance. Drive revenue, profitability and strategic priorities for the Paramount Streaming division, including Paramount+, PlutoTV and BET+. - Provide additional financial leadership and strategic business partnership to CEO of Streaming.- Drive monthly reforecasts, annual budgets and long-range strategic planning; identify KPIs to influence decision-making and measure performance. - Assist Paramount Global CFO and Investor Relations with preparation of quarterly earnings calls.- Performed long term financial and business modeling for critical Paramount+ rebranding/launch in Q1 2021. - Integral role in sale of CNET Media Group to Red Ventures in 2020 for $500M. - Spearheaded and managed the digital cost saving synergies for Digital with ViacomCBS merger in 2020/2021 of $49M.- Lead ongoing financial integration for digital for ViacomCBS merger.
  • Paramount
    Senior Vice President, Fp&A - Streaming
    Paramount Dec 2019 - Oct 2020
    New York, Us
    Promoted to senior leadership role providing financial oversight for entire Digital Division (including Viacom Digital with the merger in 2019), with full P&L responsibility for ad sales, subscription, licensing, content, marketing, distribution, SG&A, cash flow, capital management, as well as corporate responsibilities. Reported to CFO with oversight for global team of 40 personnel in the U.S., U.K., China, Australia and Russia.• Managed monthly reforecasts, annual budgets and five-year strategic plans.• Supported the CFO and President/COO in developing short-term and long-term financial goals for business as well as M&A activities.• Developed and utilized novel and complex data-driven analytics to generate value-added insights and actionable recommendations to drive growth and influence KPIs.• Substantial involvement with M&A activities, conducting due diligence for acquisitions/integrations; including Giant Bomb (2012), 247Sports (2015) and Popculture & Comicbook (2018).• Viacom - Multi-year process working with CEO, CFO and Corporate M&A team on anticipated sale, creating valuations, conducting due diligence and supporting transaction services (2018 - 2019).• Following merger with Viacom, promoted to EVP to take over responsibilities of departing CFO.
  • Chief
    Chief Member
    Chief Jun 2021 - Present
    New York, Ny, Us
    Chief is a private network built to drive more women into positions of power and keep them there. Chief is the only organization specifically designed for senior women leaders to strengthen their leadership journey, cross-pollinate ideas across industries, and effect change from the top-down.
  • Cbs Interactive
    Senior Vice President, Fp&A
    Cbs Interactive Nov 2018 - Dec 2019
    San Francisco, Ca, Us
  • Cbs Interactive
    Vice President, Fp&A
    Cbs Interactive Jan 2014 - Nov 2018
    San Francisco, Ca, Us
  • Cbs Interactive
    Director, Fp&A / Sr. Director, Fp&A
    Cbs Interactive Apr 2010 - Jan 2014
    San Francisco, Ca, Us
  • Cbs Interactive
    Finance Manager / Sr. Finance Manager
    Cbs Interactive Jul 2007 - May 2010
    San Francisco, Ca, Us
  • Pricewaterhousecoopers
    Senior Associate
    Pricewaterhousecoopers Sep 2004 - Jul 2007
    Gb
    Planned and executed financial audits of various clients, reporting to Managers and Partners. Additional involvement with M&A and IPOs. Major clients included Vitamin Water (including IPO), Burton Snow Board (including Int’l expansion), Michael Kors and L’Occitane.
  • Bollam Sheedy Torani & Co, Cpas
    Associate
    Bollam Sheedy Torani & Co, Cpas Jun 2003 - Sep 2004
    External auditor working in a variety of industries. Performed complete client engagements, including planning audit, performing and executing audit procedures, reporting and completing assignments in a timely cost-effective manner.

Elizabeth Wright Skills

Finance Financial Reporting Financial Analysis Financial Modeling Accounting Revenue Recognition Us Gaap Sec Filings Gaap Mergers And Acquisitions Digital Strategy Online Advertising Financial Accounting Forecasting Auditing Digital Media Cpa Social Media Variance Analysis

Elizabeth Wright Education Details

  • Siena College
    Siena College
    Accounting

Frequently Asked Questions about Elizabeth Wright

What company does Elizabeth Wright work for?

Elizabeth Wright works for Paramount

What is Elizabeth Wright's role at the current company?

Elizabeth Wright's current role is Executive Vice President and Chief Financial Officer, Direct to Consumer at Paramount Global.

What is Elizabeth Wright's email address?

Elizabeth Wright's email address is el****@****ive.com

What is Elizabeth Wright's direct phone number?

Elizabeth Wright's direct phone number is +134755*****

What schools did Elizabeth Wright attend?

Elizabeth Wright attended Siena College.

What skills is Elizabeth Wright known for?

Elizabeth Wright has skills like Finance, Financial Reporting, Financial Analysis, Financial Modeling, Accounting, Revenue Recognition, Us Gaap, Sec Filings, Gaap, Mergers And Acquisitions, Digital Strategy, Online Advertising.

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