CBS Tops Sales Views on Subscriber Growth

The broadcaster said affiliate and subscription revenue rose 16% during its latest quarter

CBS Corp. reported higher-than-expected sales in its latest period as the company added more subscribers across its pay-TV and direct-to-consumer channels.

Revenue climbed 13% to $3.76 billion, topping analysts’ expectations of $3.64 billion in sales.

Shares rose 2.2% to $49.80 in after-hours trading.

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