ViacomCBS beats estimates for second-quarter revenue

By Syndicated Content Aug 6, 2020 | 6:10 AM

(Reuters) – ViacomCBS Inc beat analysts’ estimates for quarterly revenue on Thursday as a home-bound audience boosted demand for its streaming services.

Revenue fell 12% to $6.28 billion in the second quarter ended June 30, but came above estimates of $6.27 billion, according to Refinitiv IBES data.

(Reporting by Kenneth Li in New York and Neha Malara in Bengaluru; Editing by Anil D’Silva)

Report: Jets to begin GM interviews

2h ago

Syria sanctions relief premature for now, top EU official says

4h ago

Austin Tice's mother sees hope for his release as Syria frees another American

3h ago

Britain has had 'diplomatic contact' with Syria's HTS group

1h ago

Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says

3h ago

Pirates acquire IF/OF Enmanuel Valdez from Red Sox

1h ago

ViacomCBS beats estimates for second-quarter revenue

Current Weather

ON AIR NOW