Time Warner Reiterates FY18 Outlook - Quick Facts

(RTTNews) - While reporting its first-quarter financial results today, Time Warner Inc. (TWX) reaffirmed its 2018 full-year financial outlook.

Time Warner continues to expect its 2018 full-year adjusted operating income to increase in the high single-digits, based on current foreign exchange rates.

For the full year 2018, Time Warner continues to expect Turner's subscription revenues to increase in the mid single-digits compared to the prior year.

Time Warner anticipates Home Box Office's subscription revenue growth rate in the second quarter of 2018 will be in the low double-digits relative to the prior year quarter.

The company also expects operating income at Warner Bros. to increase at a rate well into the double-digits in the second quarter, compared to the prior year quarter primarily due to higher television licensing of both television and theatrical product.