ViacomCBS EPS beats by $0.30, beats on revenue. Holy! via /r/wallstreetbets #stocks #wallstreetbets #investing


ViacomCBS EPS beats by $0.30, beats on revenue. Holy!

VIAC is ridiculously undervalued. A 10 P/E would place the stock at $60, and it was over $100 a couple months ago (before the archegos stock dump).

  • ViacomCBS (NASDAQ:VIAC): Q1 Non-GAAP EPS of $1.52 beats by $0.30; GAAP EPS of $1.42 beats by $0.21.
  • Revenue of $7.41B (+14.0% Y/Y) beats by $130M.
  • Adjusted OIBDA of $1.63B vs. consensus of $1.37B.
  • Added 6M global streaming subscribers to reach 36M total and increased global Pluto TV MAUs by 6M to reach nearly 50M global MAUs.
  • Delivered 69% Y/Y growth in streaming subscription.
  • Generated 62% Y/Y Growth in streaming advertising.
  • Shares +0.3% PM.

Submitted May 06, 2021 at 03:22PM by AstamanyanaQ
via reddit https://ift.tt/3b9ghOF

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