ViacomCBS edged Wall Street estimates in the second quarter, with revenue rising 8% to $6.56 billion and earnings per share coming in at 97 cents on an adjusted basis.Analysts had expected earnings of 96 cents and revenue of $6.48 billion.Streaming revenue soared 92%, with advertising revenue more than doubling to $502 million.
The company added 6.5 million subscribers in the quarter, reaching 42 million globally, and also announced a deal with Comcast’s Sky to roll out Paramount+ in Europe.
The revamp and expansion of CBS All Access hit the U.S. in March and has gone to more than two dozen other global territories.Along with streaming, advertising was a major theme in the quarter.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.