Time Warner reported a better-than-expected quarterly profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and Home Box Office (HBO) businesses.
The company's shares rose 1.2 percent to $81.75 in premarket trading on Wednesday. (Get the latest quote here.)
Revenue from Turner Broadcasting, which operates channels such as CNN, TNT and Cartoon Network, rose 2.3 percent to $2.6 billion in the fourth quarter ended Dec. 31.
The business, which accounts for 34.6 percent of total revenue, was boosted by higher domestic rates and growth in international markets.
Revenue from HBO, which contributes about 18 percent to total revenue, rose 6.2 percent to $1.3 billion. The business is home to popular programs such as "Game of Thrones" and "True Detective".