ViacomCBS misses quarterly revenue estimates

Paramount Global

24/02/2021 21:04

Feb 24 (Reuters) - ViacomCBS Inc  VIACA.O  reported
lower-than-expected quarterly revenue on Wednesday, as the
COVID-19 pandemic cut deeper into the media company's revenue
despite steady demand for its streaming services CBS All Access
and Showtime. 
    The company's revenue rose 3% to $6.87 billion in the fourth
quarter ended Dec. 31, but came in below estimates of $6.89
billion, according to IBES data from Refinitiv.

 (Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)
 ((Eva.Mathews@thomsonreuters.com;))