Viacom, which owns MTV, Nickelodeon and Paramount, returned an 8% rise in cable network revenues to $1.75bn.
Viacom also said yesterday it intended to buy online video and games company Atom Entertainment for $200m as part of its plans to build up its internet business.
Sumner Redstone, executive chairman of Viacom, said: "We have a great foundation from which to take full advantage of the growth opportunities we see ahead by not only expanding our traditional businesses, but also by profitably integrating new platforms with significant future growth potential."
The US media group said it was confident of matching double-digit operating income and revenue growth for the remainder of 2006, adding that its digital properties were of "primary importance" to its future business growth potential.
Earlier in the week it was reported that Viacom was interested in acquiring social networking portal Bebo, which its owners, Michael and Xochi Birch, are understood to value in the region of $1bn.
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