Aug 08, 2019
By Stuart Winchester
Plus adjusted diluted EPS⁽²⁾ grew 3% year over year—which marks the sixth consecutive quarter of growth.⁽³⁾
Ad revenue uptick: Domestic ad revenue climbed 6% thanks to the continued evolution of Viacom’s Advanced Marketing Solutions. This is domestic ad sales’ first quarterly growth in 20 quarters.
Paramount profitability: Paramount Pictures delivered its 10th consecutive quarter of year-over-year adjusted operating income improvement. It’s on track to deliver full year profitability in fiscal 2019.
Pluto TV momentum: Monthly active users have increased 50%, to 18 million, since Viacom announced the acquisition in January.
Financial Highlights⁽³⁾: Year-over-year adjusted diluted earnings per share⁽²⁾ grew 3% in the quarter and 6% year-to-date. Adjusted operating income grew 2% year-to-date.