Viacom, the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, as its Paramount Pictures division gained from the success of “Mission: Impossible — Fallout.”

The upbeat results boosted the company’s shares by around 4 percent, to $33.50, in trading before the bell.

Viacom said worldwide affiliate revenue was $1.19 billion, beating estimates of $1.17 billion, according to data from Refinitiv. Total consolidated revenue in the fourth quarter ended Sept. 30 also rose 5 percent, to $3.49 billion, from $3.32 billion a year earlier.

Since taking the helm in 2016, Chief Executive Officer Bob Bakish has focused on Paramount and the company’s cable TV business — which, like its peers, has been losing subscribers in the face of competition from Netflix and Amazon’s Prime Video.

Paramount, which returned to profitability in the second quarter, racked up nearly $800 million in worldwide sales from the latest installment of the Tom Cruise-helmed action series, the company said.

Net income attributable to Viacom, however, fell to $394 million, or 98 cents per share, from $674 million, or $1.67 per share. Total expenses rose 3.6 percent to $2.84 billion in the quarter.

On an adjusted basis, earnings reached 99 cents per share, the company said.

Analysts on average had expected a profit of 95 cents per share and revenue of $3.37 billion.