HALISTER: Viacom 4Q Adj. EPS Beats as Film Segment Revenue Tops Estimate

Viacom 4Q Adj. EPS Beats as Film Segment Revenue Tops Estimate

(Bloomberg) -- Viacom said Media Networks revenues declined 11% to $2.48b, resulting from declines in affiliate and advertising revenues that were partially offset by higher ancillary revenues.
  • 4Q adj. EPS 69c, est. 65c
  • 4Q rev. $3.23b, est. $3.29b
  • 4Q media networks rev. $2.48b, est. $2.48b (Bloomberg News)
    • 4Q Filmed Entertainment rev. $774m, est. $721.8m
  • 4Q media networks oper income $750m, est. $723.3m (Bloomberg News, average of 3)
    • 4Q Filmed Entertainment oper loss $137m, est. loss $153.7m
  • 4Q domestic advertising rev. change -8.00%
  • 4Q international ad rev. change +6.00%
Statement NOTE:
  • Preview
    • Bloomberg Intelligence Preview
  • Nov. 7, CBS Said to Hire Moelis, Goldman for Possible Viacom Merger: WSJ
    • Nov. 4, CBS CEO Opens Door to Viacom Deal, Says Talks at Early Stage
  • Nov. 3, Viacom Said to Buy Telefonica’s Telefe in $400 Million Deal
  • Sept. 21, Viacom Cuts Div by 50%.; Plans to Raise Debt Capital
  • 16 buys, 21 holds, 1 sell before today
  • Call 8:30am (NY time), 888-219-1412
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VIAB US (Viacom Inc)

To de-activate this alert, click here

UUID: 7947283