'Wonder Woman' lifts Time Warner Q2 profit by 5.4% to $7.33 bn
Net income attributable to Time Warner's shareholders rose to $1.06 billion, or $1.34 per share
 "Wonder Woman")
Cast member Gal Gadot poses at the premiere of "Wonder Woman" in Los Angeles, California US. Photo: Reuters
Time Warner Inc, which is in the process of being bought by AT&T Inc, reported an 11.6 per cent 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 per cent 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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Aug 02 2017 | 5:00 PM IST