Viacom set records for fiscal 2014, with profits at $4.13 billion for the year, driven by a rise in TV affiliate fees and despite falling television ratings and smaller movie takes due to “the number and mix of films,” the company stated in Thursday’s earnings release.
Earnings per share for the year were at $5.40, also a record.
In Q4, analysts had forecast earnings of about $1.68 per share on $3.9 billion in revenue. The company topped those targets with a reported $1.71 per share on $3.99 billion in revenue.
Compared to 2013’s related three-month period, both of those metrics rose as Media Networks and Filmed Entertainment grew.