The New York-based media company, which AT&T Inc is in the process of buying, reported an 11.5% rise in quarterly revenue and said the merger remained on track to close later this year. US President Donald Trump opposed AT&T's US$85.4 billion bid for Time Warner during his election campaign. Revenue rose to US$7.89 billion from US$7.08 billion. Revenue from Warner Bros, the company's biggest revenue generator, rose 17% to US$3.87 billion. Revenue from HBO, home to popular shows such as "Game of Thrones" and the new breakout series "Westworld," rose 5.6% to US$1.49 billion.

Source: The Edge Markets February 08, 2017 13:52 UTC