Skip to Content

ViacomCBS Inc Class B VIAC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

ViacomCBS Reports Passable Q3; Streaming Ad Growth Shows the Opportunity Ahead of Tubi

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

ViacomCBS posted decent third-quarter results as revenue met and EBITDA came in just ahead of FactSet consensus expectations. Revenue increased 13%, driven by continued streaming growth as all platforms posted strong subscriber adds and monetization. Unlike some of its media peers, affiliate fee growth was anemic, particularly on the cable side. Our narrow moat and $61 fair value estimate are intact.

Read Full Analysis

Company Profile

Business Description

ViacomCBS is the recombination of CBS and Viacom that has created a media conglomerate operating around the world. CBS' television assets include the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and Time Warner. The company also owns Showtime and Simon & Schuster. Viacom owns several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Viacom has also built several online properties on the strength of these brands. Viacom's Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series.

Contact
1515 Broadway
New York, NY, 10036
T +1 212 258-6000
Sector Communication Services
Industry Entertainment
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 26,340

Related