The EPS figure of $1.16 beat Wall Street estimates by three cents and revenue of $3.81 billion also cleared the bar set by analysts by a good $100 million
.
“We continue to execute on our long-term growth strategy, which is to invest in our premium content and direct-to-consumer streaming services,” acting CEOWe achieved double-digit revenue growth in the second quarter, with increases in each of our three key revenue sources. Our direct-to-consumer services, CBS All Access and Showtime, continue to perform strongly, helping fuel a 13% increase in affiliate and subscription fee revenue for the quarter.
Merger talks are continuing between CBS and Viacom, which are due to reunite 13 years after splitting apart.
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