VIACA - ViacomCBS dips after mixed earnings ahead of Paramount Plus rollout

ViacomCBS is slightly lower postmarket ([[VIAC]] -0.9%, [[VIACA]] -1.5%) after fourth-quarter earnings where EPS came in ahead of expectations while revenues trailed consensus fractionally with 3% growth. Revenues rose to $6.874B, lifted by double-digit gains in affiliate revenues. Advertising was up as well, but the overall business suffered from $125M less in theatrical revenues for the quarter. Global streaming subscribers grew to nearly 30M, and Pluto TV's global monthly active users rose to 43M. Domestically, streaming subs rose 71% to 19.2M and Pluto logged 30.1M in MAUs. And global streaming revenue rose 71% to $888M ($845M of that domestic). (In a few minutes, the company is set to kick off a presentation with details for the launch of Paramount Plus, the new center of its streaming video strategy.) Revenue by type: Advertising, $3.15B (up 4%); Affiliate, $2.41B (up 13%); Content licensing, $1.25B (down 3%); Theatrical, $4M (down 97%); Other, $69M

For further details see:

ViacomCBS dips after mixed earnings ahead of Paramount Plus rollout