ViacomCBS (VIAC) shares popped 7.12% after the company delivered strong second-quarter results, attributed to growth in advertising and streaming. Total revenue was up 8% year-over-year to $6.56 billion, topping consensus estimates of $6.48 billion. The increase came on the back of a 92% year-over-year increase in global streaming revenue to $983 million. Advertising revenue was also up 24% to $2.1 billion. It should be noted that adjusted diluted earnings were down 20% year-over-year to $0.97 a share, compared to $1.21 a share reported in the same quarter last year. However, the result beat consensus estimates by a penny.
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