ViacomCBS beats estimates for second-quarter revenue

FILE PHOTO: ViacomCBS headquarters is pictured in New York, New York, U.S. December 5, 2019. REUTERS/Kate Munsch

August 6, 2020

(Reuters) – ViacomCBS Inc <VIACA.O> beat analysts’ estimates for quarterly revenue on Thursday as a home-bound audience boosted demand for its streaming services.

Revenue fell 12% to $6.28 billion in the second quarter ended June 30, but came above estimates of $6.27 billion, according to Refinitiv IBES data.

(Reporting by Kenneth Li in New York and Neha Malara in Bengaluru; Editing by Anil D’Silva)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *