Viacom (VIA) Reports Q4 EPS of $0.79

Viacom (NASDAQ: VIA) reported Q4 EPS of $0.79, versus $0.99 reported last year. Revenue for the quarter came in at $3.43 billion, versus $3.49 billion reported last year.

• Grew Domestic Advertising Revenue 6% for the Quarter and 1% for the Full Year
• Achieved Domestic Affiliate Revenue Growth of 1% for Both the Quarter and Full Year
• Returned Paramount to Profitability, with Full Year Adjusted Operating Income Improvement of $117 Million
• Accelerated Viacom’s Evolution with Continued Growth at Advanced Marketing Solutions – including Pluto TV – and Studio Production

Statement from Bob Bakish, President & CEO

“Our strong performance in the fourth quarter capped off a pivotal year for Viacom and reflects the successful execution of our strategic priorities to evolve the company for the future. We achieved several important milestones. First, we grew domestic ad sales for the full year, driven by the continued acceleration of Advanced Marketing Solutions. We also grew full year domestic affiliate revenue, driven by the extended reach of Viacom\'s distribution across more viewing platforms. And, for the first time in four years, we returned Paramount to full year profitability – a testament to the strength of our strategy and content slate. As we look to the future of a combined ViacomCBS, we’re thrilled with the momentum we have to create one of the world’s preeminent content companies.”

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

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