ViacomCBS beats quarterly revenue estimates on streaming, ad boost

Paramount Global

05/08/2021 12:02

Aug 5 (Reuters) - ViacomCBS Inc  VIACA.O   VIAC.O  reported
better-than-expected quarterly revenue on Thursday, boosted by
higher paying subscriber additions and strong advertising sales
on its networks as live sporting events resumed.
    Revenue rose 8% to $6.56 billion in the second quarter ended
June 30, beating estimates of $6.48 billion, according to IBES
data from Refinitiv.  urn:newsml:reuters.com:*:nBw9prfBNa

 (Reporting by Eva Mathews in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Eva.Mathews@thomsonreuters.com;))