ViacomCBS (VIAC) Plunges 7%: What Is Your Move?

Since July 13, ViacomCBS’s stock was on a constant decline. On that day, it was $43.49. Today, after a week, it is currently at $40.33 in the pre-market, resulting in a 7.2% loss. VIAC’s next earnings release is expected to be August 5, 2021. In that report, analysts expect VIAC to report earnings of $0.95 per share. It would mark a year-over-year decrease of 24%. Meanwhile, the latest estimate is predicting revenue of $6.42 billion, an increase of 2.23% from the prior year’s quarter.
Last Thursday, the company announced comprehensive, multi-year agreements for the continued carriage of ViacomCBS leading portfolio of broadcast, entertainment, news, and sports networks, in addition to permitting ViacomCBS suite of streaming services, including Paramount+, Pluto TV, BET+, and Noggin, for future sharing to Spectrum customers.

ViacomCBS operates as a media and entertainment company worldwide. The company operates through TV Entertainment, Cable Networks, and Filmed Entertainment segments. The TV Entertainment segment distributes news, public affairs broadcasts, and sports and entertainment programming.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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