Viacom has reported Q1 revenues of $5.67 billion as compared with $5.75 billion for the same period 2001. The company’s first quarter 2002 performance was led by higher results in its Cable Networks, Video and Entertainment segments.
Viacom chairman and CEO, Sumner Redstone said; “ViacomÂ’s first quarter results highlight the breadth and diversity of our assets and our continuing ability to set ourselves apart from the industry… considering the economic environment under which we operated, our first quarter performance was clearly exceptional.”
Viacom said that it expects Q2 2002 revenues to exceed those of the same quarter last year.
