FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson
(Reuters) – Viacom Inc (VIAB.O), 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