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Viacom Q4 Earnings

Entertainment conglomerate Viacom (NYSE: VIA), reported Q4 numbers easily beating analyst estimates. 

Net income was up to $480.8m compared to $129.5m.  Revenue increased 32% to $3.59b.  Operating expenses were up 20% to $2.76b

Movie business showed profits of $86.3m on revenue of $1.57b.  DreamWorks added $560m to the topline.  TV businesses which include MTV, Comedy Central, and Spike TV saw positive earnings growth of 11%

Compared to last year, the numbers were helped by Viacom’s $1.6b purchase of DreamWorks. Viacom also faced charges in last year’s Q4.

More detailed press coverage on Viacom’s finances can be found at:

Yahoo Finance
Google Finance

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