ViacomCBS to launch Paramount+ streaming service on March 4
ViacomCBS earnings came in 2 cents a share ahead of estimates, with quarterly profit of $1.04 per share. Revenue essentially was in line with Wall Street forecasts. The company also said it had 30 million streaming subscribers, ahead of its planned March 4 launch of Paramount+ service that will replace the current CBS All Access service. Its shares dropped 2.8% in premarket action. CNBC's Jim Cramer, Carl Quintanilla and David Faber break down the results.
Thu, Feb 25 202110:10 AM EST