Time Warner has said its third-quarter net income is up 44 percent.
The media and entertainment company also backed its profit guidance for the full year.
According to news.com.au, its shares rose 87 US cents, or 1.3 percent, to 69.10 dollars in pre-market trading 45 minutes ahead of the market opening.
Chairman and CEO Jeff Bewkes said the company's TNT and TBS networks received some of the highest ratings among key cable TV audiences, the report added.
