August 8, 2019 / 11:07 AM / 4 months ago

Viacom beats quarterly revenue estimates

Aug 8 (Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic advertising revenue.

Net income attributable to Viacom rose to $544 million, or $1.35 per share, in the third quarter ended June 30, from $522 million, or $1.29 per share, a year earlier.

Total revenue rose to $3.36 billion from $3.24 billion, beating the average estimate of $3.33 billion, according to IBES data from Refinitiv. (Reporting by Munsif Vengattil in Bengaluru Editing by Saumyadeb Chakrabarty)

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