NASDAQ$PSKY
Paramount Skydance Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
ViacomCBS delivered solid results with sequential improvement on key financial metrics and operating momentum.
ViacomCBS reported Q1 2020 earnings with a revenue of $6.669 billion and a diluted EPS of $0.82. The company took decisive action to fortify its balance sheet, protect its employees, and help communities in need amidst the COVID-19 pandemic. Domestic streaming and digital video revenue grew significantly, reinforcing demand for ViacomCBS content.
- ViacomCBS delivered solid results in its first full quarter, including sequential improvement on key financial metrics and operating momentum.
- The company took decisive action to fortify its balance sheet, protect its employees and help communities in need in the wake of the COVID-19 pandemic.
- Domestic streaming and digital video revenue grew significantly, reinforcing demand for ViacomCBS content.
- The company delivered strong revenue growth and saw record sign-ups and consumption across pay and free streaming services.
Headline financials
Revenue & EPS history
Paramount · Revenue · Quarterly
$6.67B
Revenue by segment
Paramount · $4.23B total across 3 segments · Q1 2020
- TV Media$2.95B—69.7%
- Filmed Entertainment$811M—19.2%
- Direct-to-Consumer$471M—11.1%
Forward guidance
ViacomCBS focused on reinforcing financial flexibility and business continuity, while supporting its employees and communities in response to COVID-19.
Tailwinds
- ViacomCBS strengthened its balance sheet and liquidity with a $2.5 billion debt offering in April and implemented cost savings initiatives to mitigate revenue impacts.
- Leveraging alternative production models and its extensive library, the company ensured the continuity of its linear and streaming programming, including national and local news and late night.
- The company shifted its film releases to preserve the value of its strong slate.
- ViacomCBS quickly pivoted to remote working, with strict protocols for protecting employees, and committed $100 million to support impacted TV and film production personnel.
- The company launched an expansive PSA campaign, #AloneTogether, resulting in over 80,000 linear spots and more than half a billion video views on social.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.8%
Avg return
Earnings day
-1.6%
Avg return
5 days after
-2.7%
Avg return
30 days after
60%
24 / 40 earnings
Positive
+10.4%
Q3 2023
Best reaction
-28.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.4% | -0.1% | -6.5% | |
| Q4 2025 | +10.0% | +22.5% | -13.5% | |
| Q3 2025 | -0.5% | -2.4% | +3.6% | |
| Q2 2025 | -5.5% | -11.7% | +10.5% | |
| Q1 2025 | +2.2% | +1.1% | +2.1% | |
| Q4 2024 | +0.2% | +2.3% | +3.0% | |
| Q3 2024 | -4.0% | -3.2% | -4.7% | |
| Q2 2024 | -2.4% | -1.6% | -3.5% | |
| Q1 2024 | +2.9% | +8.2% | -1.8% | |
| Q4 2023 | -1.7% | -8.4% | +4.6% | |
| Q3 2023 | +10.4% | +18.9% | +46.1% | |
| Q2 2023 | +2.9% | -2.3% | -14.3% | |
| Q1 2023 | -28.4% | -27.8% | -32.7% | |
| Q4 2022 | -4.2% | -6.6% | -19.7% | |
| Q3 2022 | -12.4% | -14.6% | +6.3% | |
| Q2 2022 | +1.1% | -1.4% | -7.7% | |
| Q1 2022 | -1.3% | -7.8% | +3.8% | |
| Q4 2021 | +2.7% | -19.0% | +5.3% | |
| Q3 2021 | -4.4% | -5.5% | -17.3% | |
| Q2 2021 | +7.1% | +5.1% | +6.4% | |
| Q1 2021 | -2.4% | +1.0% | +6.6% | |
| Q4 2020 | +1.9% | +4.3% | -25.1% | |
| Q3 2020 | -6.4% | -3.5% | +18.1% | |
| Q2 2020 | +3.4% | +2.0% | +10.6% | |
| Q1 2020 | +10.3% | +22.6% | +66.8% | |
| Q4 2019 | -17.9% | -28.9% | -66.4% | |
| Q2 2019 | -17.9% | -28.9% | -66.4% | |
| Q3 2019 | -3.6% | -1.6% | -3.6% | |
| Q1 2019 | -1.4% | -5.2% | -5.6% | |
| Q4 2018 | +3.1% | +4.3% | -2.9% | |
| Q2 2018 | +3.1% | +4.3% | -2.9% | |
| Q3 2018 | +2.0% | +0.8% | -5.5% | |
| Q1 2018 | +9.1% | +5.5% | +2.5% | |
| Q4 2017 | +1.6% | -0.5% | -9.3% | |
| Q2 2017 | +1.6% | -0.5% | -9.3% | |
| Q3 2017 | +2.8% | +2.4% | +3.7% | |
| Q1 2017 | +0.6% | +0.2% | -3.4% | |
| Q2 2016 | +0.4% | +2.6% | +2.3% | |
| Q4 2016 | +0.4% | +2.6% | +2.3% | |
| Q3 2016 | +0.6% | +4.7% | +9.1% | |
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