Earnings release
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VIACOMCBS EARNINGS PRESS RELEASE | August 5 , 2021 VIACOMCBS REPORTS Q2 2021 EARNINGS RESULTS ■ Grew Global Streaming Revenue 92 % Year - Over - Year , Driven by Robust Growth in Subscriptions and Advertising Added 6.5M Global Streaming Subscribers to Reach Over 42M in the Quarter , and Realized 82 % Year - Over - Year Growth in Streaming Subscription Revenue , Fueled by the Diverse Global Content Offering of Paramount + Generated 102 % Year - Over - Year Growth in Streaming Advertising Revenue , Largely Driven by Pluto TV , Which More Than Doubled Revenue for the Fourth Consecutive Quarter Increased Total Company Revenue 8 % Year - Over - Year , Including 24 % Growth in Advertising Revenue and 9 % Growth in Affiliate Revenue Year - Over - Year Recently Announced Comprehensive , Multi - Year Distribution Agreements with Charter Communications and Cox Communications for Continued Carriage of ViacomCBS Content and Streaming Services Expanding Paramount + Footprint Internationally to Include the UK , Ireland , Italy , Germany , Switzerland & Austria , as part of Innovative New Sky Partnership STATEMENT FROM BOB BAKISH President & CEO Q2 2021 RESULTS * $ IN MILLIONS , EXCEPT PER SHARE AMOUNTS GAAP Revenue Operating income Net earnings from continuing operations attributable to ViacomCBS Diluted EPS from continuing operations attributable to Viacom CBS Non - GAAP + Adjusted OIBDA Adjusted net earnings from continuing operations attributable to Viacom CBS Adjusted diluted EPS from continuing operations attributable to ViacomCBS OCBS In a quarter of strong business performance , including growth in advertising and affiliate , streaming was a standout . We continued to accelerate our global streaming momentum and delivered phenomenal results across our flagship streaming services . For the second consecutive quarter , Paramount + fueled more than 6 million additions to our global streaming subscription base , which now reaches over 42 million . This growth was driven by the power of the service's differentiated content strategy and expanding content slate . Looking ahead , we're excited about our opportunity to build on this momentum , as we scale Paramount + ' s content offerings across genres and expand our reach with global audiences . SHOWTIME nickelodeon MTV Three Months Ended June 30 2021 2020 B / ( W ) % $ 6,564 $ 075 $ 1,226 $ 1,251 995 $ 453 $ $ 1.50 $ .73 * Non - GAAP measures are detailed in the Supplemental Disclosures at the end of this release . * During the fourth quarter of 2020 , Viacom CBS entered into an agreement to sell Simon & Schuster , which was previously reported as the Publishing segment . Simon & Schuster has been presented as a discontinued operation in the company's consolidated financial statements for all periods . COMEDY CENTRAL $ 1,240 $ 1,652 $ 640 $ 744 $ .97 $ 1.21 Paramount + 8 % ( 2 ) % 120 % 105 % pluto ( 25 ) % ( 14 ) % ( 20 ) % Simon & Schuster Six Months Ended June 30 2021 2020 $ 13,976 $ 12,5 $ 2,754 $ 2,153 $ 1,894 $ A LA $ 2.93 $ A LA 5 $ 2,867 $ 2,897 $ 1,601 $ 1,434 $ 2.47 $ 2.32 PO 954 1.55 telefe B / ( W ) % 11 % 28 % 99 % 89 % ( 1 ) % 12 % 6 % colors