Life is good for Time Warner


Time Warner reported growth in Q4, predicted more growth in 2011 and announced an increase in its dividend. It doesn’t get much better than that.

Q4 revenues were up 8% to $7.8 billion, with the Networks and Filmed Entertainment segments leading the way. Adjusted operating income rose 14% to $1.4 billion.

For the Networks – Turner Broadcasting System and HBO – Q4 revenues were up 14% to $3.3 billion, with advertising revenues up 25%. Operating income rose 20% to $904 million.

Companywide, 2010 revenues grew 6% to $26.9 billion and earnings per share (EPS) increased 32% to $2.41.

Looking ahead, Time Warner is telling Wall Street to expect 2011 EPS to be up in the low teens.