Viacom (VIAB) Tops Q2 EPS by 4c

Viacom (NASDAQ: VIAB) reported Q2 EPS of $0.76, $0.04 better than the analyst estimate of $0.72. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.98 billion.

Philippe Dauman, Executive Chairman, President and Chief Executive Officer of Viacom, said, “Viacom’s brands are among the most popular and culturally connected in the world. Nickelodeon remains the number one network for kids and many of our other networks have shown sequential improvements in ratings and consumption across platforms. The continuing strength of our brands was validated by our recent renewals with DISH and Frontier on attractive terms. In the past year, we have successfully closed long-term carriage agreements with domestic distributors representing more than 44 million subscribers. Around the world we continue to expand the global reach of our networks, launching several new channels in the quarter. At Paramount, we are looking forward to upcoming blockbusters Teenage Mutant Ninja Turtles: Out of the Shadows and Star Trek Beyond this summer.

"We are responding to industry consumption shifts with innovative, thoughtful, and long-term strategic solutions and are generating meaningful results in many important areas, including content creation, data-based audience measurement and distribution innovation. There is much more work to be done, but we see the path to growth ahead and are very optimistic about our future."

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

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