
ViacomCBS Inc (NASDAQ:VIAC) shares are plummeting after the company reported weak earnings results, despite better-than-expected revenue and solid streaming numbers.
What Happened: ViacomCBS reported quarterly revenue of $8 billion, which beat the $7.49 billion estimate, but the global media company reported adjusted earnings of just 26 cents per share, down from earnings of $1.04 per share year-over-year.