Viacom Stock News

Shares declined about 6 percent in after-hours trading despite news that the company’s streaming portfolio had reached about 56 million subscribers.

Paramount, the company formerly known as ViacomCBS, kicked off its investor day streaming event with a bang on Tuesday afternoon by announcing it had changed its name. Then, the company spent the rest of the presentation proving how appropriate the new moniker was, as its portfolio now completely revolves around Paramount--both the streamer (Paramount+) and…

ViacomCBS ([[VIAC]], [[VIACA]]) - now becoming Paramount Global - kicked off an investor event following its Q4 earnings with a voluminous load of content news, setting up the pipeline…

ViacomCBS is changing its name to Paramount. CBS, one of the founding names in broadcasting for nearly a century, will remain the same.

ViacomCBS Inc missed Wall Street profit forecasts on Tuesday, sending its shares down nearly 4%, as the company announced it will change its name to Paramount as it fights for new viewers in the crowded streaming market.

ViacomCBS Inc missed Wall Street profit forecasts on Tuesday, sending its shares down nearly 4%, as the company announced it will change its name to Paramount as it fights for new viewers in the crowded streaming market.

The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter.

ViacomCBS Inc Class B (NASDAQ: VIAC ) shares are trading lower by 5.1% at $34.15 during Tuesday''s after-hours session after the company reported fourth-quarter adjusted EPS results were down year-over-year. ViacomCBS reported quarterly earnings of 26 cents per share, representing a 75% decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $8.00 billion which beat the analyst consensus estimate of $7.49 billion by 7%. This is a 16% increase over sales of $6.87 billion the same period last year. ViacomCBS says total company revenue increased 16% year-over-year in the fourth-quarter, reflecting growth across … Full story available on Benzinga.com

ViacomCBS and Taylor Sheridan, a creator of the Western drama, announce plans for a new season with more episodes, a new Dutton family story called ‘1932’ and other series starring Sylvester Stallone and Billy Bob Thornton.

The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. With geopolitical tensions mounting and Bullard backlash at the epicenter of market headlines, corporate earnings have been put on the backburner. Now, with more than 70% of the S&P 500 companies having reported their latest quarterly results, 77% of those companies have beaten expectations. According to FactSet, earnings thus far have grown by about 30% on a Y/Y basis. Today, notable companies Roblox, Wynn Resorts, and Viacom are due to report after the closing bell. On Wednesday, Hilton, Kraft Heinz, Shopify, Barrick Gold, Applied Materials, Boston Beer, DoorDash, Marathon Oil, and Hyatt are expected to report – but all eyes will be on Nvidia Wednesday afternoon. Investors will be hoping for any … Full story available on Benzinga.com

Pre-open movers U.S. stock futures traded higher in early pre-market trade after a Russian news agency reported that some Russian troops are heading back to base after exercise. The Dow Jones tumbled around 170 points in the previous session. Investors are awaiting earnings results from Marriott International, Inc. (NASDAQ: MAR ), ViacomCBS Inc. (NASDAQ: VIAC ) and Fidelity National Information Services, Inc. (NYSE: FIS ). The Producer Price Index for January is scheduled for release at 8:30 a.m. ET. Although producer prices slowed noticeably in December to a monthly rate of 0.2%, but prices are expected to increase 0.5% in January. The Empire State manufacturing index for February will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average jumped 295 points to 34,766.00 while the Standard & Poor’s 500 index futures rose 50.50 points to 4,444.50. Futures for the Nasdaq index climbed 227.50 points to 14,480.50. Oil prices traded lower as Brent crude futures fell 2.7% to trade at $93.89 per barrel, while US WTI crude futures fell 3% …

Here is what to expect from four companies set to report quarterly results after markets close on Tuesday.

ViacomCBS (NASDAQ:VIAC) is scheduled to announce Q4 earnings results on Tuesday, February 15th, after market close.The consensus EPS Estimate is $0.45 (-56.7% Y/Y) and the consensus…

Fourth-quarter earning season continues with reports from Walmart, Airbnb, Nvidia, ViacomCBS, Marriott, Shopify, and Cisco, and more. Plus, January PPI and retail sales.