Q2 beat led by international and Paramount
Q2 revenues fell 3% (cons. -7%), due to outperformance at Paramount and international cable. Operating profit rose 5% (cons. -5%), also led by Paramount while EPS of $0.92 was nicely ahead of the $0.79 consensus. Paramount's success seems in part to reflect the unexpected sale of The Cloverfield Paradox to Netflix (instead of releasing into cinemas). That said, the new Paramount management team is off to a very good start with the success of A Quiet Place ($20m budget, $200m box office to date). These results could strengthen management's hand in its merger discussions with CBS.Viacom provides entertainment through television, film, digital media, live events, merchandise and solutions. The company operates through two segments: Media Networks, which provides entertainment content, services and related branded products for consumers in targeted demographics attractive to advertisers, content distributors and retailers through its media brands including Nickelodeon, MTV, BET, Comedy Central and Paramount Network; and Filmed Entertainment, which develops, produces, finances, acquires and distributes films, television programming and other entertainment content through its Paramount Pictures, Paramount Players, Paramount Animation and Paramount Television divisions.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.