Time Warner FBN

Time Warner Revenue Jumps 9.2%

Industries Reuters

Time Warner, the media company being bought by AT&T, reported a 9.2 percent rise in quarterly revenue on Wednesday, helped by the box office success of the superhero movie "Suicide Squad."

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The company's net income rose to $1.47 billion, or $1.86 per share, in the third quarter ended Sept. 30 from $1.04 billion, or $1.26 per share, a year earlier.

Revenue rose to $7.17 billion from $6.56 billion.

AT&T said last month it would buy Time Warner for $85.4 billion in a bold move to acquire content.

(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj Kalluvila)