Market Overview

Viacom Reports Fourth Quarter and Full Year Results

Share:
  • 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

Viacom Inc. (NASDAQ:VIAB, VIA)) today reported financial results for the quarter and full year ended September 30th, 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191114005222/en/

Domestic advertising revenue grew 6% in the quarter, driven by the continued success of Advanced Marketing Solutions. (Photo: Business Wire)

Domestic advertising revenue grew 6% in the quarter, driven by the continued success of Advanced Marketing Solutions. (Photo: Business Wire)

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."

Quarter Ended September 30 Full Year Ended September 30

2019

2018

B/(W) % FX
IMPACT
%
CONSTANT
CURRENCY
BASIS %†

2019

2018

B/(W)% FX Impact % CONSTANT
CURRENCY
BASIS %†
GAAP
Revenues

$

3,433

$

3,485

(1

)

%

(1

)

%

-

%

$

12,838

$

12,943

(1

)

%

(2

)

%

1

%
Operating income

530

646

(18

)

2,462

2,572

(4

)

Net earnings from continuing operations attributable to Viacom

303

386

(22

)

1,522

1,688

(10

)

Diluted EPS from continuing operations

0.75

0.96

(22

)

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com