Viacom digital revenue up 58 percent
Cory Bergman August 9th, 2006
Some interesting stats from the Viacom earnings call (transcript): digital revenue is up 58 percent year over year, with ad sales jumping 75 percent. “As a percentage of our total revenue, I would say we will probably move this year from the first quarter to the fourth quarter anywhere from, say, 2 to say 5 percent of the year ending up in digital,” said CEO Tom Freston. Neopets revenue is up 40 percent. And video streams for Viacom properties skyrocketed from 100 million streams in March to 250 million in May. “I want you to know that our entire organization is focused on growing these key metrics,” Freston said.
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