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ViacomCBS Inc. (VIAC)

ViacomCBS Inc., formerly CBS Corp, is a global media and entertainment company. The Company is focused on creating premium content and experiences for audiences worldwide. It operates through various brands, including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. It also offers production, distribution and advertising solutions for partners across five continents.

BET is the primary channel of BET Networks, that provides entertainment, music, news and public affairs television programming for the African-American audience. CBS Sports brand is a broadcaster of television sports. Its Paramount Pictures brand is a producer and global distributor of filmed entertainment. Its CBS Television Studios is a supplier of programming with more than 70 series in production across broadcast and cable networks, streaming services and other platforms. Its brands also include Bellator MMA and COLORS.

ViacomCBS Q1 

 
  • First quarter beats driven by sports-related ad strength and strong streaming subscribers.
    Revenue was up 14% on the year to $7.41B. EPS of $1.52 topped analyst estimates by $0.30.
    Ad revenue was up 21% on the year driven by the broadcasts of Super Bowl LV and NCAA Tournament games.
    TV Entertainment sales were up 19% to $3.51B, roughly in line with guidance.
    Adjusted OIBDA was $1.63B vs. the $1.37B consensus.

    “In Q1, we accelerated our expansion in streaming with the launch of Paramount+ further enhancing ViacomCBS’ ecosystem of premium, pay and free services. The strong consumer response we have seen is evident in today’s numbers – we have grown global streaming revenue 65 percent year-over-year and we added 6M global streaming subscribers, driven by Paramount+, to reach 36M streaming subscribers globally. In addition, we now have almost 50M global Pluto TV MAUs," says CEO Bob Bakish.








 
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