CBS is expected to report earnings after the market close Monday.
Here’s what Wall Street expects:
- EPS: 98 cents, according to Thomson Reuters
- Overall revenue: $3.09 billion, according to Thomson Reuters
- Entertainment revenue: $2.02 billion, according to StreetAccount
Growth in CBS’ subscription service fees has gained importance amid cord-cutting concerns and declining ad revenue. Recently, the media giant has highlighted these figures as evidence for the success of its subscription services, CBS All Access and Showtime.
Showtime’s digital subscribers have swelled to 1.5 million, CBS CEO Les Moonves reportedly said at a February conference. Variety confirmed the remarks, adding that Moonves also said CBS All Access was nearing those figures as well.
During last quarter’s earnings call, Moonves said that the services are “pacing ahead” of CBS’ goal for 8 million subscribers combined by 2020.
Monday morning, AT&T and CBS announced an agreement where CBS, as well as the CW, Showtime, CBS Sports and Pop, will be available on AT&T’s DirecTV Now live streaming service.
Shares of CBS have gained 23 percent over the past 12 months, but are down about 1.5 percent over the past three months.
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