Time Warner down on better-than-expected profit

Posted May 3rd 2006 9:37AM by Sarah Gilbert
Filed under: Earnings Reports, Bad News, Television, Time Warner (TWX)

Despite a 59% rise in net profit [pdf earnings report], a few minutes after the market open Time Warner was already down 17 cents on an early spike in volume. CNBC's Squawk on the Street was reporting that investors were disgusted with poor performance at AOL, which lost 835,000 subscribers - 30% more than people had been anticipating. A 26% increase in AOL advertising revenues, and cable revenue up 50%, was still too little to overcome the disappointment in subscribers.

So far, no one has provided color on Time Warner's earnings: we'll report it here to you as soon as we hear it.

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Reader Comments (Page 1 of 1)

5-03-2006 @ 10:29AM

BOB STROUGO said...

i love aol despite its bad press- but parsons is squandering our opprortunities--listen to icahn--he knows how to realize value--which is there in twx

5-03-2006 @ 2:27PM

Marcel Zyto said...

As Chairman and CEO, Richard D.Parson has not shown the kind of leadershiop that this Time Warner ailing monster requires. His compensation for 2005 of 16.0 millions + options on 7.2 million shares only encourages ineptitude and he should be fired unceremoniously. The stock is going nowhere and the Street distrusts AOL who should sell unprofitable assets, clean up the balance sheet and become a center for profits albeit on a smaller scale and recognize past stupidities of a merger of equals with Time Warner,lying to investors and relishing the status of incompetent management on Wall Street.
Are you listening Mr. Parsons? I guess not. Marcel Zyto