Revenues at the media conglomerate behind HBO, Warner Bros., and Turner rose 9% to $7.2 billion, while operating income climbed 10% to $2 billion. Earnings-per-share jumped 48% to $1.87 for the three-month period ending in September.
Analysts had been expecting the company to post revenue of just under $7 billion on earnings of $1.37 a share, according to Thomson Reueters.
Time Warner got a boost from “Suicide Squad,” the hit film about a group of super villains, and Clint Eastwood’s “Sully,” as well as stronger advertising and subscription revenue at Turner, the home of CNN.
The earnings announcement comes two weeks after Time Warner announced that At&T has a deal in place to buy the company for approximately $85 billion. The potential sale has drawn a great deal of scrutiny, with