The results topped Wall Street estimates and the company raised its full-year profit forecast.
The media conglomerate's Time Inc. magazine unit and cable properties both saw ad revenue improve for the second quarter in a row. That's a sign that businesses are spending again to get customers' attention.
Time Warner reported net income of $562 million, or 49 cents per share, for the three months ended June 30. That's up from $524 million, or 43 cents, a year ago.
Removing one-time items, earnings came to 50 cents per share. Analysts expected 45 cents.
Revenue climbed 8 percent to $6.38 billion, the biggest increase in almost two years. Analysts expected revenue of $6.2 billion.
