Скачать или смотреть Earnings Report: Viacom (NYSE:VIA) Reports Strong Earnings

Viacom (NYSE:VIA) reported Q4 EPS of $1.09, topping consensus estimates of $0.87.

Revenues for the quarter fell 3.4% year-over-year to $4.1 billion, narrowly missing consensus estimates of $4.2 billion.

Philippe Dauman, President and CEO of Viacom, comented, "Our disciplined and content-focused strategy helped Viacom close out the year with a stronger balance sheet, a streamlined cost structure and a reinvigorated creative mandate across the company. Despite a global recession that impacted all aspects of our business, the multiple revenue streams of our cable networks helped temper the impact of an industry-wide downturn in advertising and retail, and also allowed us to continue to invest in new programming to build our brands. The resurgence of BET and MTV's recent ratings gains are strong examples of the relevance our brands have with their target audiences.

"Paramount Pictures significantly boosted its profitability in 2009 as the studio's strategy of producing a smaller slate of films, anchored by franchises, began to pick up momentum. We also were pleased to see renewed consumer demand for our new DVD and Blu-ray releases in the fourth quarter. Looking ahead, Paramount has built a very strong slate for 2010, kicking off next week with the release of Martin Scorsese's 'Shutter Island.'"