Time Warner posts impressive results

Time Warner posts impressive results

US based media giant Time Warner has released their latest revenue report and the company has posted impressive results.

Time Warner managed to beat the market expectations as they gained from rise in new cable video, Internet and phone subscribers and AOL advertising sales.

The company reported a 40 percent growth in AOL advertising. The company said that the growth at AOL is likely to be at or above U.S. industry rates.

Time Warner said earnings fell to $1.2 billion, or 31 cents per share. The revenues were up 9 percent to $11.2 billion. The company added that quarterly cash flow rose 19 percent to $3.1 billion.

Market analysts are more or less satisfied with the company’s performance as they believe that they are going to be more profitable in the coming years. The bad days are now in the past.