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CORRECTED-Viacom reports 2.9 percent rise in revenue
November 16, 2017 / 12:09 PM / a month ago

CORRECTED-Viacom reports 2.9 percent rise in revenue

(Corrects paragraph 1 to say that revenue rose in Viacom’s film unit rose, not in its theatrical business)

Nov 16 (Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Paramount, reported a 2.9 percent rise in quarterly revenue on Thursday, as a rise in film unit revenue offset declines in U.S. affiliate revenue.

Net profit attributable to Viacom rose to $674 million, or $1.67 per share, in its fiscal fourth quarter ended Sept.30 from $254 million, or 64 cents per share, a year earlier.

Total revenue rose to $3.32 billion from $3.23 billion. (Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila)

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