Time Warner revenues and profits up for full-year 2015 but fourth quarter not as favourable, and company agrees to increase quarterly dividend amount

 
Hayley Kirton
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The new Batman game help to boost the company's bottom line in 2015 (Source: Getty)

Time Warner has today revealed revenue of $28.1bn (£19.3bn) for its full year ended December 2015, up three per cent on the year before.

The US-based media giant also reported a $6.9bn adjusted operating profit for its full year, up 19 per cent on 2014.

"We had another very successful year in 2015, demonstrating once again Time Warner’s ability to deliver strong financial performance as well as creative and programming excellence," said Jeff Bewkes, Time Warner's chairman and chief executive.

Bewkes also thanked the success of Mortal Kombat X and Batman: Arkham Knight on the videogame market for helping to drive the boost to revenue in its Warner Bros division, while cult television programme Game of Thrones and a slew of Primetime Emmy wins certainly helped business for its Home Box Office (HBO) unit.

Time Warner also announced today that it would be increasing its March 2016 quarterly dividend by 15 per cent.

The company's results for its fourth quarter of the year were not quite as favourable. Revenues slid to $7.1bn, down six per cent, and adjusted operating income sunk to $1.4bn, down 12 per cent.

The company was also not immune from foreign exchange swings, which wiped roughly $1.1bn from its revenue for the year and $270m for the quarter.

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