ViacomCBS’s Q4 EPS surge by 142% to $3.05 per share
ViacomCBS Inc. announced its revenue in the fourth quarter of the fiscal year 2021 observed an annual rise of 16% to come in at $8 billion, exceeding expectations. The company’s operating income surged by 146% in comparison to the same trimester in 2020 to reach $2.66 billion. Meanwhile, its diluted earnings per share (EPS) rocketed by 142% year-on-year to hit $3.05 per share.
“In the fourth quarter you saw the power of strategy and strength of execution across the company. Our success was evident across all lines of business, and spotlighted by streaming, where we achieved our best quarter ever in streaming subscription growth,” ViacomCBS President and Chief Executive Officer (CEO) Bob Bakish commented on the results.
Following the release of the results, the company’s shares went up by 2.09% in after-hours trading.
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