On Wednesday, Shares of Viacom, Inc. (NASDAQ:VIAB), added 1.69% and closed at $37.98 in the last trading session. The last trading range of the stock ranges between $36.00 and $38.24. Viacom Inc. (NASDAQ:VIAB, VIA) recently stated financial results for the quarter and fiscal year ended September 30, 2016. Quarterly revenues declined 15% to $3.23 billion. Media Networks revenues declined 11% to $2.48 billion, resulting from declines in associate and advertising revenues that were partially offset by higher ancillary revenues. Domestic and worldwide associate revenues reduced 19% and 16%, respectively, reflecting significantly higher revenues from SVOD arrangements in the prior year quarter. International associate revenues raised 7%. Apart From an unfavorable 8% impact of foreign exchange, international associate revenues raised 15%, driven by new channel launches, raised subscribers, rate increases and the completion of certain SVOD and other OTT arrangements. Domestic advertising revenues declined 8%, reflecting a decline in television ratings at select networks, partially offset by higher pricing. Worldwide advertising revenues also reduced 8%, reflecting the domestic decline and a 7% decrease in international advertising revenues. Apart From an unfavorable 13% impact of foreign exchange, international advertising revenues raised 6%, resulting from continued growth in Europe.
DISH Network Corp (NASDAQ:DISH), jumped 2.21% and closed at $57.93 in the last trading session. The last trading range of the stock ranges between $54.28 and $58.60. The company’s Market capitalization is $27.14 Billion with the total Outstanding Shares of 226.60 million. DISH Network Corp. (DISH) recently stated revenue totaling $3.75 billion for the quarter ending September 30, 2016, contrast to $3.73 billion for the corresponding period in 2015. Subscriber-related revenue raised to $3.73 billion from $3.70 billion in the year-ago period.
Net income attributable to DISH Network totaled $307 million for the third quarter 2016, contrast with $196 million from the year-ago quarter. Diluted earnings per share were $0.64 for the third quarter, contrast with $0.42 during the same period in 2015.
DISH includes all of its Sling TV subscribers in the company’s total Pay-TV metrics, counting in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are stated net of disconnects in our gross new Pay-TV subscriber activations.
In the third quarter, DISH activated about 736,000 gross new Pay-TV subscribers contrast to about 751,000 gross new Pay-TV subscribers in the prior year’s third quarter. Net Pay-TV subscribers declined about 116,000 in the third quarter, contrast to a loss of about 23,000 in the third quarter 2015.