VIACOM is reporting a 16 per cent jump in net income for the first quarter thanks in part to smaller losses at its film division.
The New York company, which owns Nickelodeon, MTV, Comedy Central and Paramount Pictures, earned $US547 million ($A628 million), or $US1.20 per share for the quarter ended December 31.
That compared with $US470 million, or 92 cents per share, in the same quarter the year before.
Revenue fell 4 per cent to $US3.2 billion.
Analysts polled by FactSet expected a profit of $US1.16 per share on $US3.3 billion in revenue.
Revenue from media networks increased six per cent to $US2.54 billion, while filmed entertainment revenue dropped 30 per cent to $US681 million.
But losses related to filmed entertainment shrunk as a result of lower movie-related expenses.
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