Viacom Q4 Earnings
Seth Gilbert, 03-2-2007
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:
