ViacomCBS edges past revenue estimates on streaming strength

ViacomCBS Inc on Thursday posted better-than-expected quarterly revenue, helped by more subscriber additions to its fast-growing streaming platforms and strong advertising sales.

The company added 4.3 million global streaming subscribers in the quarter, led by Paramount+, bringing the total to nearly 47 million. Content including “A Quiet Place Part II”, “Paw Patrol: The Movie”, the return of the NFL, and the new CBS fall television season contributed to that growth.