ViacomCBS beats quarterly revenue estimates

Paramount Global

06/05/2021 12:02

May 6 (Reuters) - ViacomCBS Inc  VIACA.O  on Thursday
reported quarterly revenue that beat Wall Street estimates,
driven by growth in affiliate fees and an uptick in broadcast TV
advertising thanks to the Super Bowl airing on CBS.
     Revenue rose 14% to $7.41 billion in the first quarter
ended March 31, beating estimates of $7.31 billion, according to
IBES data from Refinitiv.

 (Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren
Daniel)
 ((Eva.Mathews@thomsonreuters.com;))