Time Warner Results Top Q3 Forecasts, Lifted by HBO, Warner Bros. Games
  • 8 years ago
Time Warner beat Wall Street expectations on revenue and earnings for the third quarter of 2015, with the company citing growth at HBO and Warner Bros. particularly in the latter's video-game division.
The company reported revenue of $6.6 billion and earnings per share of $1.22 for the period ended Sept. 30.
Analysts had expected EPS of $1.09 on revenue of $6.5 billion.
The results show "how our investments in great content have been paying off in our traditional television businesses, as well as in newer areas such as video games," chairman and CEO Jeff Bewkes said in announcing the results.
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