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ViacomCBS earnings beat driven by streaming as Paramount+ adds more than 6 million subscribers for second straight quarter

·1 min read
ViacomCBS earnings beat driven by streaming as Paramount+ adds more than 6 million subscribers for second straight quarter
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ViacomCBS Inc. posted net income of $995 million, or $1.50 a share, for the second quarter, up from $453 million, or 83 cents a share, in the year-earlier period. Adjusted per-share earnings came to 97 cents, a penny ahead of the 96 cents FactSet consensus. Revenue rose to $6.564 billion from $6.075 billion, also ahead of the $6.488 billion FactSet consensus. Chief Executive Bob Bakish said streaming was a standout in the quarter as the company's Paramount+ service added more than 6 million subs