February 9, 2017 / 12:13 PM / 5 months ago

Viacom revenue rises 5.39 pct

1 Min Read

Feb 9 (Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a 5.39 percent rise in quarterly revenue, helped by improved theatrical revenue and growth in domestic affiliate revenues.

However, net income attributable to Viacom fell to $396 million, or $1 per share, in the first quarter ended Dec. 31, from $449 million, or $1.13 per share, a year earlier.

Revenue rose to $3.32 billion from $3.15 billion.

The company also said it would focus its efforts on six "flagship" brands: Nickelodeon, Nick Jr., MTV, Comedy Central, BET and Paramount as part of a turnaround plan under new Chief Executive Officer Bob Bakish.

Reporting by Rishika Sadam in BengaluruEditing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below