MTV and Comedy Central owner Viacom missed Wall Street estimates for quarterly revenue on Tuesday, weighed down by declines in domestic advertising sales.
Net income attributable to Viacom fell to $321 million, or 80 cents per share, in the first quarter ended Dec. 31 from $537 million, or $1.33 per share, a year earlier.
Total revenue rose to $3.09 billion from $3.07 billion, but missed estimates of $3.12 billion, according to IBES data from Refinitiv.
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