LONDON, UK / ACCESSWIRE / March 13, 2018 / Active-Investors.com has just released a free earnings report on Viacom, Inc. (NASDAQ: VIAB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VIAB. The Company reported its financial results on February 08, 2018, for the first quarter of the fiscal year 2018, ending December 31, 2017. In the first quarter of FY18, the Company accelerated transformation with further progress on key strategic initiatives. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Viacom most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, Viacom's total revenues decreased 7.55% to $3.07 billion from $3.32 billion in Q1 FY17, due to sales declines in both its Filmed Entertainment and Media Networks segments. The Company's revenue numbers were behind analysts' consensus estimates of $3.14 billion.

Viacom' total expenses fell 10.01% to $2.36 billion in Q1 FY18 from $2.62 billion in Q1 FY17. The Company's operating income was $717 million for the reported quarter, an increase of 1.56% from $706 million in the same period of last year.

For the quarter ended December 31, 2017, Viacom's net earnings from continuing operations were $551 million, 35.05% up from $408 million in the comparable period of last year. The Company's net earnings attributable to common shareholders increased 35.61% to $537 million in Q1 FY18 from $396 million in Q1 FY17. The Company's diluted earnings per share (EPS) from continuing operations attributable to common shareholders were $1.33 in the quarter under review compared to $1.00 in Q1 FY17, reflecting an increase of 33%. The Company's reported earnings for Q1 FY18 included a gain on extinguishment of debt of $0.05 per share, and a discrete tax benefit of $0.25 per share. On the other hand, the Company's reported earnings for Q1 FY17 included restructuring charges of $0.07 per share, a loss on extinguishment of debt of $0.01 per share, and a discrete tax benefit of $0.04 per share. Viacom's adjusted diluted EPS, excluding these non-recurring and non-core items, were $1.03 in Q1 FY18 compared to $1.04 in Q1 FY17, reflecting a decrease of 0.96%. The Company's earnings results exceeded analysts' consensus estimates of $0.95 per share.

Segment Details

During Q1 FY18, Viacom's Media Networks segment's revenues were $2.56 billion, a decline of 1.12% from $2.59 billion in Q1 FY17. This was attributed to an increase in advertising revenues of 1%, which was more than offset by a decrease in affiliate revenues of 4%. The segment's domestic revenues declined 6% to $1.93 billion y-o-y, and its international revenues grew 18% to $631 million y-o-y in Q1 FY18. The segment's adjusted operating income declined 7% to $913 million y-o-y in the reported quarter, mainly due to an increase in its expenses and lower revenues.

Viacom's Filmed Entertainment segment reported revenues of $544 million in Q1 FY18, 28.23% lower than $758 million in Q1 FY17. The segment's domestic revenues decreased 42% to $270 million y-o-y, and its international revenues declined 6% to $274 million y-o-y in Q1 FY18. The segment had an adjusted operating loss of $130 million in the quarter under review compared to $180 million in the prior year's same quarter, mainly due to lower operating expenses.

Cash Matters

Viacom had cash and cash equivalents of $394 million as on December 31, 2017, compared to $1.39 billion as on September 30, 2017.

For the quarter ended December 31, 2017, Viacom's net cash flow from operating activities was $12 million, a decrease of 92.45% from $159 million in the comparable period of 2016. The Company had an operating free cash outflow of $16 million in Q1 FY18 compared to $113 million in Q1 FY17.

Viacom distributed dividends of $80 million in the quarter under review compared to $79 million in the corresponding period of last year. The Company repaid debt of $1 billion in Q1 FY18, an increase of 1.27% from $900 million in Q1 FY17. As on December 31, 2017, Viacom's total outstanding debt was $10.19 billion compared to $11.12 billion as on September 30, 2017.

Viacom's capital expenditure was $28 million in Q1 FY18, a decline of 46.15% from $52 million in Q1 FY17.

Stock Performance Snapshot

March 12, 2018 - At Monday's closing bell, Viacom's stock was slightly up 0.31%, ending the trading session at $32.82.

Volume traded for the day: 2.30 million shares.

Stock performance in the last month ? up 0.34%; previous three-month period ? up 10.73%; past six-month period ? up 20.35%; and year-to-date ? up 6.52%

After yesterday's close, Viacom's market cap was at $13.54 billion.

Price to Earnings (P/E) ratio was at 6.92.

The stock has a dividend yield of 2.44%.

The stock is part of the Services sector, categorized under the Entertainment - Diversified industry. This sector was up 0.2% at the end of the session.

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