NEW YORK (AP) — Earnings at Time Warner Inc. grew 24 percent in the first three months of the year despite a slight drop in revenue, as the company benefited from strength in its television networks.

Time Warner Inc. said Wednesday that first-quarter net income was $720 million, or 75 cents per share, compared with $583 million, or 59 cents, a year earlier. Adjusted for one-time items, the company earned 82 cents per share, beating the 75 cents expected by analysts surveyed by FactSet.