(Reuters) – Time Warner Inc (TWX.N), which is in the process of being bought by AT&T Inc (T.N), reported an 11.6 percent rise in quarterly profit, helped by the success of its latest superhero movie “Wonder Woman”.
Net income attributable to Time Warner’s shareholders rose to $1.06 billion, or $1.34 per share, in the second quarter ended June 30, from $952 million, or $1.20 per share, a year earlier.
Revenue rose 5.4 percent to $7.33 billion.
Spurred by the smashing box-office success of Wonder Woman, Warner Bros, the company’s movie division, announced a December 2019 date for a sequel.
Reporting by Rishika Sadam in Bengaluru; Editing by Shounak Dasgupta