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Time Warner's fourth-quarter earnings beat forecasts, boosted by growth at Warner Bros and HBO

The media giant reported quarterly net income of US$1.39bn, or US$1.75 a share, compared with US$293mln, or 37 US cents a share a year earlier, with adjusted earnings per share of US$2.66 well above consensus of US$1.44

HBO show Game of Thrones
Time Warner's fourth-quarter revenue increased by 9% to US$8.61bn, up from US$7.89bn a year earlier, and also above consensus of US$8.42bn

Time Warner Inc. (NYSE:TWX) shares rose in pre-market trading after the media and entertainment giant reported fourth-quarter earnings which beat forecasts.

The NYSE-listed firm reported quarterly net income of US$1.39bn, or US$1.75 a share, compared with US$293mln, or 37 US cents a share a year earlier, with adjusted earnings per share of US$2.66 well above consensus of US$1.44.

Time Warner's fourth-quarter revenue increased by 9% to US$8.61bn, up from US$7.89bn a year earlier, and also above consensus of US$8.42bn.

The group’s Warner Bros. film division accounted for the lion's share of revenue at US$4.05bn, followed by Turner at US$3.12bn and Game of Thrones maker HBO's US$1.68bn.

Time Warner shares ticked up 1.2% to US$96.49 in pre-market trading.

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