Time Warner Inc broke out the financials for its premium movie network HBO on Wednesday for the first time, giving investors a better picture of how the unit stacks up against video streaming service Netflix.Netflix was one of the best performing stocks last year and analysts said Time Warner wants more recognition from investors for the strength of HBO and its streaming product, HBO Go, which has a similar feel to Netflix. The effort to highlight the digital aspect of its business comes as the company prepares to spin off its slow-growth magazine publishing business Time Inc."Perhaps the Street should put a higher multiple on the HBO business. It's the largest potential competitor to Netflix, which is trading at such a high multiple," said Gabelli & Co analyst Brett Harriss, adding HBO's performance last year was in line with his estimates.HBO, which said its adjusted operated income rose 8 percent to $1.7 billion, is much more profitable than Netflix, but it has also been around much longer and is growing more slowly.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.73% or $1.08/share to $63.48. In the past year, the shares have traded as low as $50.70 and as high as $70.77. On average, 4975510 shares of TWX exchange hands on a given day and today's volume is recorded at 7288786.
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