Licensing revenues should also see a spike during the period, helped by the new shows launched by Paramount TV on streaming platforms including Netflix (NFLX) and Amazon (AMZN) Prime Video. Meanwhile, Nickelodeon is gradually improving ratings, primarily riding on Double Dare and other similar shows.
The New-York headquartered media conglomerate is also aggressively putting money into creating original content for its Comedy Central and MTV brands. While these initiatives are expected to weigh on its margins, they are essential to survive the cut-throat competition in the media industry.
Investors will be looking for updates on Viacom’s success in its international expansion plans. The company has been carrying out various deals with European mobile careers, besides launching Nickelodeon in Japan. Investors will be interested to know how much these growth strategies have so far helped the balance sheet.
VIAB stock has increased 30% in the past one year, though the growth hasn’t been very consistent. Analysts have an average price target of $34.60 on the stock, which is at an 8% upside from the current trading price. Out of the six analysts covering the stock, four have a HOLD rating, while the other two recommend BUY.