Time Warner just reported a better than anticipated quarterly profit which was much in part due to the success of the “Wonder Woman” film.
The box office success of the film that stars Gal Gadot helped the company deliver a much better quarterly profit than the Street was waiting for. The film grossed around $800 million worldwide through July 31st, according to the company.
The company reported $1.33 per share on revenue of $7.33 billion. Analysts had been waiting for $1.19 a share and revenue of $7.3 billion.
Time Warner’s Warner Bros unit which includes the movie unit, saw a 12.4% climb to hit $2.99 billion. Analysts had called for $2.90 billion.
AT&T is in the process of acquiring Time Warner. The merger with AT&T is expected to close before the end of this year.
Disclaimer: We have no position in Time Warner Inc. (NYSE: TWX) and have not been compensated for this article.