On November 9th, Viacom held their Q3 2016 (technically their Q4, full year) earnings call. Here are the highlights
Change in Leadership:
Tom Dooley, the current CEO, will step down next week. Robert Bakish, who managed Viacom’s international business, will take over.
Financials – Total:
Full year total revenue of $12.5B was 6% lower than the $13.3B in FY 2015. Total revenue for the quarter was $3.2B down 15% YoY.
Continue reading “Highlights from Viacom Earnings Call”
Below are my key takeaways from the Sony Q1 2016 Earnings Call on July 29:
Consolidated revenue dropped 11% YoY, operating income was down 42% and net income was off 74%. The reasons for the bad results were the Kumamoto Earthquake in April, a decrease in demand for image sensors for mobile, a reduction in mid-range smartphone unit sales and negative effects of currency exchange
On the positive side, Uncharted 4 helped Game & Network Services segment rise by 14% and Angry Birds contributed to the Pictures Segment 7% gain with their $347MM global take.
Continue reading “Q1 2016 – Sony Earnings Call Summary”