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Viacom’s posts healthy increase in channels revenue

US-based media giant Viacom posted a 10% increase in revenues across its domestic and international channels operation in the first nine months of its financial year. For the three quarters to end-June, the company posted revenues of US$10.9 billion (€7.6 billion), an 8% increase year-on-year. Revenues from the company’s channels division came in at US$6.9 billion, a 10% increase on the amount recorded in the same period a year earlier.

The company does not break out revenues for international operations, but CEO, Philippe Dauman, said that the international channels recorded strong advertising growth and ancillary revenues from international markets helped offset lower US home entertainment figures.

Tags: Viacom