UPDATE 1-Viacom profit beats on lower costs [Reuters]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Reuters
Viacom profit beats on lower costs | Reuters Reuters Staff 2 Min Read (Reuters) - Viacom Inc ( VIAB.O ), which is exploring a merger with CBS Corp ( CBS.N ), reported a quarterly profit that beat Wall Street estimates as it cut costs as part of a turnaround plan. Viacom’s controlling shareholder, Shari Redstone, has been urging CBS, which she also controls, to revisit a possible merger with Viacom. Total expenses at New York-based Viacom fell 10 percent to $2.26 billion in the quarter, and provision for income taxes dropped 73.4 percent. Viacom’s advertising revenue rose 1 percent, while affiliate sales, or the fees it collects from cable TV operators and online distributors, fell 4 percent. Sales at both units were in line with analysts’ estimates, according to Thomson Reuters I/B/E/S. Television ratings and ad revenue have taken a hit as fewer people are watching live TV and instead opting for on-demand video streaming services such as Netflix Inc ( NFLX.O ) and Amazon.com Inc
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- 4/18/24 - Beat
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- 4/22/24 - Form 10-Q
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- NFLX's page on the SEC website