ViacomCBS, in its first earnings report since the recombination of Viacom and CBS, swung to a loss, including deal-related and other charges. Management called the period a 'transitional' quarter. The stock fell sharply in pre-market trading.
, swung to a loss for its latest quarter, which included various deal-related and other charges, such as $468 million for restructuring and other matters, as well as $589 million in content-related writedowns.
The results fell short of Wall Street estimates. Quarterly revenue fell 3 percent to nearly $6.9 billion.Terminator: Dark Fate
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
ViacomCBS Swings to Loss in First Post-Merger ResultsViacomCBS reported a loss in the fourth quarter, its first as a new entity forged from the former Viacom Inc. and CBS Corp., showing that the merged company faces many of the same tough operating c…
Les mer »
ViacomCBS Swings to Loss in First Post-Merger ResultsViacomCBS reported a loss in the fourth quarter, its first as a new entity forged from the former Viacom Inc. and CBS Corp., showing that the merged company faces many of the same tough operating c…
Les mer »
United ViacomCBS Swung To 4Q Loss, Cites Merger CostsViacomCBS saw revenue dip and swung to red for the last three months of 2019, which CEO Bob Bakish called a “transitional” fourth quarter that is the first for the company since it merg…
Les mer »
ViacomCBS Plans 'House of Brands' Streaming Service, Boosts Cost Savings TargetViacomCBS is planning a 'House of Brands' streaming service drawing from both sides of the recently recombined company and said revenue for its domestic streaming and digital video business amounts to about $1.6 billion annually. Details:
Les mer »
Gay Rom-Com The Thing About Harry Makes Room For Joy.JakeBorelli, ThePeterPaige and Niko Terho from FreeformTV's TheThingAboutHarry talked to us about creating a gay rom-com without shame, representation, and 'the friend zone' 😂
Les mer »
Here's what you need to know in advertising and media this week - Business InsiderApple, Disney, Comcast, AT&T, and ViacomCBS are chasing new customers for their new services to challenge Netflix and keep up with viewing shifts.
Les mer »