Tomahawk, WI 05/26/2014 (Basicsmedia) – Viacom, Inc. (NASDAQ:VIAB) had a strong Q2, this year! The entertainment and content production powerhouse reported slow rate of increase in sumptuous revenues in the last quarter; however, the company reported a net income amounting to $502 million!
The company’s earnings rose exquisitely from 96 cents EPS in 2013 to $1.13 EPS in Q2. Net operating income rose to $872 million in Q2. Further, net revenues increased by 1.2% from Q2-2013 and estimated at $3.17 billion in Q2-2014. Moreover, Viacom spent over $850 million in order to buy back approximately 10 million shares (common stock) in the last quarter.
Back in Q4-2013, Viacom, Inc. (NASDAQ:VIAB) had debt commitments at $11.8 billion, with ready cash on hand at $2,403 million. On the contrary, VIAB managed to procure $2580 million cash in hand, with a total debt of $13.3 billion in Q2-2014. The company’s president expressed contentment and happiness on garnering such revenues and income in the last quarter and is confident of riding on the momentum to sketch a better and well pronounced growth in FY 2014.
A Worthy Tie-Up
Viacom, Inc. (NASDAQ:VIAB)’s venture – Nickelodeon has collaborated with Loudmouth Golf for the first time to roll out collections of exquisite golf attires. The attires shall be inspired by the SpongeBob’s attires, that encompasses funny and upbeat collections of men’s trousers, shorts to women’s mini-shorts, capri, skort, etc. The idea is to reach out to millions of SpongeBob fans with apparels and dresses worn by the characters, ideally suited for wearing by all and sundry, on or off any golf course.
Viacom’s Plans – Into The Future
The directors of VIAB have unanimously decided to raise the net dividends payable per quarter from 30 cents-a-share to 33 cents per Class A or B shares. Besides, the company has reported sustained improvement in global viewership ratings in the last quarter. Renewal of multiple platform deal with the prestigious Time Warner Cable is slated to lead to higher affiliate revenues and increased profits from advertisements.
Viacom, Inc. (NASDAQ:VIAB)’s latest fad to buy the British Channel 5 Media for £450 Million, should bolster net earnings, furthermore. Backed up sustained increase in revenues and cash in hand, the company is not only catering to its stockholders by raising dividends, but also rolling out the bucks to insure increased investment in content and network expansion.