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.