Viacom's Quarterly Revenue Falls 10.6%

EarningsReuters

Viacom Inc's revenue fell 10.6% in the third quarter, hurt by lower revenue from the company's films business as there were no major movie releases in the quarter.

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Net profit from continuing operations attributable to Viacom fell to $591 million, or $1.47 per share, in the quarter ended June 30 from $611 million, or $1.40 per share, a year earlier.

Revenue declined to $3.06 billion from $3.42 billion.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)