Viacom (VIAB) Misses Q4 EPS by 1c

Viacom (NASDAQ: VIAB) reported Q4 EPS of $1.54, $0.01 worse than the analyst estimate of $1.55. Revenue for the quarter came in at $3.79 billion versus the consensus estimate of $3.88 billion.

Philippe Dauman, President and Chief Executive Officer of Viacom, said, “Viacom's fourth quarter and year-end results are indicative of our progress in key areas, including recent ratings improvement and renewals of important distribution agreements. Our strategy of increasing and accelerating investment in original content and expanding our profitable international footprint are among the major factors driving this success, which we believe will continue in 2016 and beyond. We are making great progress in tackling industry-wide inefficiencies in audience measurement, while expanding our audience reach with landmark distribution agreements.

"Viacom's family of Media Networks are the most watched by highly coveted younger audiences, and we are building engagement on all platforms, leading to first-of-their-kind marketing opportunities with our advertising partners. Our investment in content continues to grow, supporting an unprecedented amount of quality original programming and a more robust slate of films. In addition, in fiscal 2015 we launched 21 channels overseas - including six in India - fueling the fastest international growth in our history.”

For earnings history and earnings-related data on Viacom (VIAB) click here.

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