Why ViacomCBS Deserves Apathetic Investors' Attention
Back in March, Archegos Capital notoriously sold off its oversized positions in ViacomCBS and other stocks. After the dust settled, investors were left with a rare risk-to-reward proposition in ViacomCBS (NASDAQ: VIAC) — and now, enterprising investors have a chance to reconsider an old business as it adapts surprisingly effectively to an emerging trend in digital content delivery.
Viacom has a legacy cable business, and it's doing fine. But look at how its modest 8% year-over-year Q2 2021 growth compares to streaming:
On top of all that, ViacomCBS added 6.5 million global streaming subscribers, thereby reaching 42 million in Q2 (fueled in part by Paramount+, which contributed more than 6 million additions to ViacomCBS's quarterly global streaming subscription base).
Source Fool.com
