Time Warner has seen its profits almost triple, boosted by strong advertising revenues at its AOL internet division and new cable subscribers at the world's largest media company.
The company, which also owns the Warner Bros movie studio and the CNN cable network, said its third quarter net profit nearly tripled to $2.3bn (£1.2bn) from $853m, for the same three months last year.
Time Warner said revenue grew 7% to $10.9 billion, compared to the same quarter last year.
Expectations for an AOL turnaround and a cable sector stock rally have pushed up Time Warner's stock price by more than 21% in the last three months.
AOL announced a major overhaul in August to turn itself into an ad-supported internet service instead of a subscription based business. The plan includes 5,000 job cuts.
