Business Standard

'Mission Impossible' powers Viacom revenue jump

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Reuters

(Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a 5 percent rise in quarterly revenue on Friday, as its Paramount Pictures division gained from the success of "Mission: Impossible - Fallout". Net income attributable to Viacom fell to $394 million, or 98 cents per share, in the fourth quarter ended Sept. 30 from $674 million, or $1.67 per share, a year earlier. Total revenue, however, rose to $3.49 billion from $3.32 billion.

(Reporting by Vibhuti Sharma in Bengaluru; editing by Patrick Graham)

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First Published: Nov 16 2018 | 5:38 PM IST

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