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Time Warner quarterly profit rises 15.4 percent

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Reuters
Last Updated : Apr 26 2018 | 5:55 PM IST

(Reuters) - Time Warner Inc, which is being bought by AT&T Inc, reported a 15.4 percent rise in quarterly profit on Thursday as its Home Box Office (HBO) and Turner channels added subscribers at a brisk pace.

The company's net income attributable to shareholders increased to $1.64 billion, or $2.07 per share, in the first quarter ended March 31, from $1.42 billion, or $1.80 per share, a year earlier.

Revenue rose 3 percent to $8 billion.

(Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Apr 26 2018 | 5:45 PM IST

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