By Michael Calia 

Viacom Inc. said its media networks and filmed entertainment divisions propelled revenue growth in its most recent quarter.

The media conglomerate's top line fell below analysts' expectations, but its profit narrowly beat them.

Viacom, whose cable properties include MTV and Nickelodeon, has struggled with declining ratings, so it is seeking to boost the percentage of advertising sales that don't depend on traditional ratings from Nielsen.

The media networks division's revenue rose about 4% to $2.65 billion due to growth in affiliate fees and advertising revenue. Domestic advertising revenue fell 6% as ratings fell, while world-wide advertising revenues grew 3%.

The company's filmed entertainment division reported revenue growth of 6% to $720 million as "Teenage Mutant Ninja Turtles" continued to perform well, while "Interstellar" also benefited Viacom's results.

Overall, the company reported earnings of $500 million, down from $547 million a year earlier. Per-share earnings were flat at $1.20, reflecting fewer shares outstanding in the period. Excluding certain items, earnings were $1.29 a share.

Revenue improved 4.6% to $3.34 billion.

Analysts had projected per-share earnings of $1.28 and $3.41 billion in revenue.

Viacom has also sought to expand more overseas to mitigate the effects of a crowded U.S. market. The company is in the process of completing a deal with Reliance Industries Ltd. of India that will give it 50% ownership of five entertainment channels in the country.

The company earlier this month extended Chief Executive Philippe Dauman's contract through 2018. The CEO, who has held the role since 2006, was paid $44.3 million in the company's fiscal year ended Sept. 30, a 19% raise over the prior year's figure.

Write to Michael Calia at michael.calia@wsj.com

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