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Communications Services Up After Mixed Earnings -- Communications Services Roundup

08/05/2021 | 05:32pm EDT

Communications services companies rose after mixed earnings in the sector.

Shares of set-top box maker Roku fell sharply after it reported a slowdown in subscriber growth.

ViacomCBS said it added 6.5 million streaming subscribers across its platforms in the second quarter and unveiled a partnership with Comcast's Sky TV unit to distribute its Paramount+ service in several European markets.

U.K. advertising giant WPP said it returned to pre-pandemic growth rates a year earlier than expected as clients boosted spending on digital marketing and e-commerce.

Lamar Advertising rose after the billboard advertising concern posted quarterly earnings growth.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

08-05-21 1731ET

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