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Viacom reports 2.9 percent rise in revenue

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Viacom reports 2.9 percent rise in revenue

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(Reuters) – Viacom Inc <VIAB.O>, the owner of MTV, Comedy Central and Paramount, reported a 2.9 percent rise in quarterly revenue on Thursday, as a rise in theatrical revenue offset declines in U.S. affiliate revenue. Net profit attributable to Viacom rose to $674 million (£511 million), or $1.67 per share, in its fiscal fourth quarter ended Sept.30 from $254 million, or 64 cents per share, a year earlier. Total revenue rose to $3.32 billion from $3.23 billion.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila)
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