Viacom Up In Q4 2009
February 11, 2010 at 6:04 AM (PT)
MTV and BET owner VIACOM has reported double-digit growth in its Q4 2009 adjusted operating income, adjusted net earnings from continuing operations and adjusted diluted earnings per share (EPS), reflecting an outstanding performance in its Filmed Entertainment segment and solid growth in Media Networks.
Revenues in Q4 ended DECEMBER 31st, 2009 declined 3% to $4.1 billion with lower results in Media Networks and Filmed Entertainment. Adjusted operating income of $1.15 billion was up 24% over the fourth quarter 2008 results, reflecting a significant increase in profitability in the Filmed Entertainment segment and cost containment measures across the Company. Adjusted net earnings from continuing operations attributable to VIACOM increased 43% to $663 million and adjusted diluted EPS from continuing operations were $1.09, up 43% over the fourth quarter 2008 results.
Executive Chairman SUMNER M. REDSTONE said, "VIACOM's results over the past year have been extraordinary and illustrate the value of a well planned strategy and execution. Despite the economic challenges, we performed extremely well across our media networks and motion picture operations. As a result of the quality of our operations and wealth of creative talent throughout the Company, we are well positioned for success not only today but long into the future."