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Time Warner Inc. (NYSE:TWX)

This company has been moved to the archive! The financial data has not been updated since April 26, 2018.

Analysis of Revenues

Microsoft Excel

Revenues as Reported

Time Warner Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Subscription 12,308 11,014 10,153 9,945 9,250
Advertising 4,655 4,696 4,569 4,502 4,530
Content 13,595 12,935 12,771 12,350 12,154
Other 713 673 625 562 527
Revenues 31,271 29,318 28,118 27,359 26,461

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).


Total revenues grew consistently from US$ 26,461 million in 2013 to US$ 31,271 million in 2017. This represents a steady expansion of the top line, with an acceleration in growth observed in the final year of the period, where revenues increased by approximately 6.7%.

Subscription Revenue Growth
This segment demonstrated the most significant relative expansion, increasing from US$ 9,250 million in 2013 to US$ 12,308 million in 2017. The growth was consistent year-over-year, indicating a strong and scalable revenue stream that increasingly contributed to the total revenue mix.
Content Revenue Performance
As the largest contributor to total revenues, content services grew from US$ 12,154 million to US$ 13,595 million. While it remained the primary source of income, its growth trajectory was more moderate compared to the acceleration seen in subscription revenues.
Advertising Revenue Stagnation
Advertising revenues remained largely flat throughout the five-year period, beginning at US$ 4,530 million in 2013 and ending at US$ 4,655 million in 2017. The lack of meaningful growth suggests a stagnation in advertising yield or market demand within this specific stream.
Other Revenue Streams
The other category showed a steady, incremental increase from US$ 527 million to US$ 713 million. Although this segment grew in absolute terms, it remained a marginal component of the overall revenue structure.

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