|Bid||32.75 x 1800|
|Ask||33.04 x 800|
|Day's Range||30.96 - 33.35|
|52 Week Range||23.91 - 35.55|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||6.65|
|Earnings Date||May 2, 2018 - May 7, 2018|
|Forward Dividend & Yield||0.80 (2.49%)|
|1y Target Est||35.08|
Viacom Inc. said Friday it expects revenue to grow in its new fiscal year as the company augments its pay-TV business with production and licensing fees from streaming-video services. The cable-TV giant, which owns networks MTV and Nickelodeon, and Paramount Pictures, posted a 5% rise in revenue to $3.49 billion for its fiscal fourth quarter ended Sept. 30. Viacom’s Class B shares were up 4.5% in afternoon trading in New York.
Viacom Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on both its Class A and Class B common stock.
Viacom's (VIAB) fourth-quarter fiscal 2018 results benefit from solid turnaround in Paramount, driven by robust collections of Mission: Impossible - Fallout.
This strategy and the strength of the Tom Cruise-helmed "Mission: Impossible - Fallout" at the box office helped Viacom beat profit and revenue expectations in the quarter ended Sept. 30. As media giants Walt Disney Co (DIS.N) and AT&T Inc (T.N) mobilise their extensive film and TV libraries to launch rivals to Netflix and Amazon.com's (AMZN.O) Prime, smaller companies such as Viacom and sister company CBS Corp (CBS.N) are redoubling efforts to become original content resources for other distributors. "All of the recent activity around vertical integration only serves the demand for high quality producers," Viacom Chief Executive Bob Bakish said on a post-earnings conference call.
This strategy and the strength of the Tom Cruise-helmed "Mission: Impossible - Fallout" at the box office helped Viacom beat profit and revenue expectations in the quarter ended Sept. 30. As media giants Walt Disney Co (DIS.N) and AT&T Inc (T.N) mobilize their extensive film and TV libraries to launch rivals to Netflix and Amazon.com's (AMZN.O) Prime, smaller companies such as Viacom and sister company CBS Corp (CBS.N) are redoubling efforts to become original content resources for other distributors. "All of the recent activity around vertical integration only serves the demand for high quality producers," Viacom Chief Executive Bob Bakish said on a post-earnings conference call.
Filmed Entertainment revenue grew 25% year-over-year, to $984 million in the fourth quarter, far ahead of analysts’ $871 million estimate.
On Friday morning, Viacom reported fiscal fourth quarter beats for both EPS and revenue. Is Viacom different this time? The firm came into Friday's release reorganized, the Media Networks business line, which is the largest, but also the most sluggish in terms of performance now sliced into four units.
The owner of cable networks MTV and Nickelodeon earned 99 cents a share in the quarter ended Sept. 30, excluding some items, beating expectations by 4 cents. The pay-TV fees that go to the company’s networks grew 4 percent overall, and 3 percent domestically, New York-based Viacom said. Paramount Pictures gave Viacom a boost, with the Cruise franchise installment “Mission: Impossible - Fallout” as the top-grossing film of the period at the global box office.
posted stronger-than-expected fourth quarter earnings Friday and said it expects revenues at its Paramount Television revenues to grow by more than 50% next year following the success of its its Mission Impossible franchise for its studio division. Viacom said net earnings for the three months ending in September, its fiscal fourth quarter, came in at 98 cents a share, topping the Street consensus of 95 cents but down 41% from the same period last year. Group sales, Viacom said, rose 5% to $3.485 billion, again topping analysts' forecasts.
Viacom Inc's Paramount Pictures Chief Executive Officer Jim Gianopulos said on Friday it has signed a multi-picture film deal with Netflix Inc. "Our priority is to expand our role as a major global ...
Viacom Inc. (VIA) on Friday reported fiscal fourth-quarter net income of $394 million. On a per-share basis, the New York-based company said it had profit of 98 cents. Earnings, adjusted for one-time gains ...
Nasdaq futures fell more than 1 percent on Friday, as disappointing forecasts from chip companies Nvidia and Applied Materials battered the technology sector and fueled further worries about a chip boom that maybe grinding to a halt. Nvidia Corp shares fell 17.8 percent in premarket trading after the chip designer blamed unsold chips piling up as the cryptocurrency mining boom fizzles out. Rival Advanced Micro Devices Inc dropped 5.9 percent and Micron Technology Inc, which sells memory to Nvidia for its gaming cards, declined 3.9 percent.
Shares of Viacom Inc. rose 4% in premarket trade Friday after the media company reported fourth-quarter earnings that beat profit and revenue expectations. Profit for the latest quarter rose to $394 million, or 96 cents a share, down from $674 million, or $1.67 a share in the year-earlier quarter. Adjusted EPS was 99 cents, beating the FactSet consensus of 96 cents. Revenue was $3.485 billion, beating the FactSet consensus of $3.374 billion, and up 5% from $3.319 billion one year ago. Revenue from the company's filmed entertainment segment, which includes its theatrical, licensing and home entertainment businesses was $984 million, up 25% from a year ago. The company said the segment benefited from the success of "Mission: Impossible - Fallout," "A Quiet Place" and "Book Club." Its media networks segment brought in $2.52 billion, a 1% decrease from the year prior. The company said affiliate growth helped offset lower worldwide advertising revenue, while the foreign exchange drove lower international revenues. Shares of Viacom have gained 3.3% in the year to date, while the S&P 500 has gained 2.1%.
NEW YORK-- -- Company Delivered Turnaround of Core Business and Grew Full Year Consolidated Operating Income for First Time Since Fiscal 2014 Consolidated Revenues Increased 5% in the Quarter, Driven by Double Digit Gains at Paramount Media Networks Grew Total Affiliate Revenues 4% in the Quarter, with Domestic Affiliate Revenues Up 3% – Sequential Improvement of 1,100 Basis Points in Growth Rate in ...
has become increasingly risky in the age of digital streaming, the big studios, including Paramount and Universal, have sold some castoff films to the likes of Netflix. “We have more capacity for great production than the theatrical release can accommodate,” Mr Gianopulos told investors on Friday. Netflix, Amazon, Apple and Hulu are spending more than $20bn on content, Mr Gianopulos noted, describing this deal as a “new, incremental revenue stream”.
The deal makes Prime Video the exclusive streaming home for two new series: Homens?, an inspiring comedy and Dani Who?, a fantasy thriller
Global Youth Media Brand Further Expands Live Events Business Following Acquisition of SnowGlobe Music Festival NEW YORK , Nov. 14, 2018 /PRNewswire/ -- MTV today announced it will bring back its legendary ...