Time Warner is off to a good start in 2017, thanks to the first-quarter performances of “Kong: Skull Island,” “The LEGO Batman Movie,” “Big Little Lies,” “Last Week Tonight” and March’s NCAA Tournament, to name a few key properties.
Jeff Bewkes’ TV and film company reported adjusted earnings per share (EPS) of $1.66 on $7.74 billion in revenue early Wednesday morning.
Those both beat Wall Street’s projections for Q1, which media analysts believed would result in EPS of $1.46 on $7.67 billion in revenue, per a Yahoo Finance compilation.
Not bad, Bewkes.
“We’re off to a strong start to 2017, as we continue to benefit from the investments we’re making in the best content while also developing new revenue streams that will drive growth and meet consumer demand for great experiences built around their favorite programming and brands,” the chairman and CEO said.