Time Warner Beats Wall Street Expecations With Stronger Third-Quarter Results

Time Warner on Wednesday reported improved third-quarter financials as its film unit more than doubled its bottom line thanks in part to the final installment of the Harry Potter series. The entertainment conglomerate, led by CEO Jeff Bewkes, posted a quarterly profit of $822 million, compared with $520 million in the year-ago period. Revenue rose 11 percent to $7.1 billion. Among other topics, the company's Wednesday earnings conference call with analysts is expected to touch on recent digital distribution deals of the CW, which TW co-owns with CBS Corp., with Netflix and Hulu. Email: Georg.Szalai@thr.com Related Topics Time Warner Jeff Bewkes Earnings