Time Warner Inc posted a better-than-expected quarterly profit on Wednesday on a revenue surge -- the highest growth rate in two years.

The media conglomerate reported net income of $562 million, or 49 cents a share, compared with $524 million, or 43 cents a share, from the year-ago period. Adjusted earnings of 50 cents a share beat analysts average estimate of 45 cents, according to Thomson Reuters I/B/E/S.

Revenue, which gained 8 percent to $6.4 billion, also beat Wall Street's consensus of $6.2 billion.

Revenue at its networks division, which includes Turner Broadcasting and HBO, rose 11 percent to $3.2 billion.

At its filmed entertainment segment that encompasses Warner Brothers, revenue increased 8 percent to $2.5 billion, led by strong movie ticket sales of Clash of the Titans and Sex and the City 2.

Publishing revenue from its magazine stable that includes People and Time, was flat at $919 million.

(Reporting by Jennifer Saba, editing by Maureen Bavdek)

New york city