This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Time Warner Earnings Take Off on Box Office and HBO Success

WATCH: More market update videos on TheStreet TV | More videos from Brittany Umar

NEW YORK (TheStreet) -- Time Warner reports better-than-expected quarterly results, boosted by box office titles like "The Lego Movie" and success at its pay-TV channel HBO with the "Game of Thrones" series.


Shares of Time Warner (TWX) were climbing on Thursday after the company reported better-than-expected quarterly results, boosted by success at the box office as well as on the small screen.

Time Warner reported adjusted earnings of 91 cents a share, beating Wall Street expectations of 88 cents a share, according to Thomson Reuters. Revenue rose 9% to more than $7.5 billion, also topping analyst estimates for revenue of about $6.6 billion.

The strong results were boosted by a 14% revenue jump at its Warner Bros. segment, which was helped by the box office success of "The Lego Movie" and "The Hobbit: The Desolation of Smaug," among other titles. Time Warner Chairman and CEO Jeff Bewkes said in a statement that "The Lego Movie" led all releases at the domestic box office and created another franchise for the company.

Results were also aided by a 9% revenue increase at its pay-TV channel HBO, which features the popular "Game of Thrones."  Bewkes said its season four premiere this month drew in HBO's biggest audience since "The Sopranos" finale in 2007.  HBO's "True Detective" series also became the channel's most-watched freshman series ever.

Although Wells Fargo analyst Marci Ryvicker noted Turner revenue was a tad light, she emphasized that ad revenue came in line with estimates, which she said is a positive given ratings trends. Overall, she called it a nice quarter for HBO and Warner Bros.

In New York, I'm Brittany Umar for TheStreet.

Written by Brittany Umar in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs