Viacom VIAB CBS VIAC touted its continuing transformation to a streaming-first company, with Pluto TV users up 57 percent and overall digital-video revenue up 56 percent in third-quarter earnings.
The pandemic and recession still hit ViacomCBS, however, with both overall earnings and revenue down significantly, though still exceeding analyst expectations. Shares were down 6 percent following the earnings announcement.
Top of the brag list was Pluto TV, which ViacomCBS acquired nearly two years ago for $340 million. The ad-supported streaming service now has 28.4 million domestic monthly average users, plus another 7.5 million internationally, or nearly 36 million worldwide, ViacomCBS said.
Pluto ad revenues doubled as well, as viewers on a wide array of streaming-video devices continued to discover the service’s free shows amid a deepening recession, increased pay-TV cord-cutting, and a lack of new programming from most subscription-based competitors.
“We know that keeping your mind active is very healthy for your brain,” said Hughes. “So we did brain games … we had yoga, mindfulness. And very quickly we started running our online support groups.
“All of our support groups have been replicated virtually at this point,” she said. “It’s support that people need to keep going.”
As lockdown requirements become less stringent, the ASPKLNH will begin offering face-to-face programs again. But staff also want to maintain their virtual programs in order to reach as many clients as possible — especially over winter.
To achieve this, community members are being asked to give generously during the Society’s fundraising campaign.
The Perfect Match Campaign ensures all donations up to $500,000 will be matched by the Catherine Booth and Michael Kirk Social Recreation Fund, in honour of Michael’s father Michael Booth.
Akamai Technologies’ CEO Tom Leighton is impressed by the amazing traffic levels on the internet during the coronavirus pandemic, and the world technology infrastructure’s ability to handle it. But during the stay-at-home boom, the web and cybersecurity expert also has been closely watching a boom in bad actors.
With so many people working from home, hackers are taking advantage, and massively increasing the number of attacks as daily routine changes caused by the pandemic are prolonged, and become potentially permanent.
“I think the threat actors are trying to take advantage of the pandemic, and of course, the prize is greater now that so much business has moved online,” Leighton told CNBC’s “Squawk Box” on Wednesday.
Quarter-over-quarter — Akamai reported its Q3 results this week — the cybersecurity and cloud computing company has tracked a doubling of what Leighton called “malicious traffic” as telecommuting makes for easier targets.
Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do “whatever it takes” to become the 5G market leader.
On his first results day since taking the reins of the Finnish networks giant in August, Pekka Lundmark vowed to beat rivals Ericsson and Huawei in the 5G market.
“In those areas we choose to compete, we will play to win,” he told reporters. “We will do whatever it takes to lead in 5G and we are ready to invest more.”
Despite a “disappointing” 7.0-percent fall in sales, in part due to poor services performance, Nokia posted a 193-million-euro ($227-million) net profit for the three months to September, up from 82 million euros in the same period last year.
The operating margin — which measures underlying profit as a proportion of sales — rose to 9.2 percent