(Reuters) - Time Warner Inc reported better-than-expected quarterly results, helped by the box office success of its "The Lego Movie" and the popularity of its "Game of Thrones" TV series.
Time Warner is home to pay-TV channel HBO, Warner Bros movie studio and cable channels such as CNN. It is in the process of spinning off its publishing unit, Time Inc, which publishes People, Sports Illustrated and Time magazine.
Net income from continuing operations rose to $1.29 billion, or $1.42 per share, in first quarter from $754 million, or 79 cents per share, a year earlier.
On an adjusted basis, the company earned 91 cents per share, above Wall Street estimates of 88 cents per share.
Revenue rose 9 percent to $7.55 billion in the quarter ended March 31. Analysts had expected $6.61 billion, according to Thomson Reuters I/B/E/S.
Revenue excluding Time Inc rose 10 percent due to growth at Warner Bros, Turner and HBO.
Warner Bros revenue jumped 14 percent, helped by strong performance of "The Lego Movie" and "300: Rise of an Empire".
HBO revenue rose 9 percent, driven by the popularity of "Game of Thrones" and the debut of "True Detective". The company said the Season 4 premiere of "Game of Thrones" on April 6 drew HBO's largest audience since "The Sopranos" finale in 2007.
Turner revenue rose 5 percent due to rise in subscriptions.
Time Warner's shares closed at $64.74 on Tuesday on the New York Stock Exchange.
(Reporting by Soham Chatterjee in Bangalore; Editing by Maju Samuel and Don Sebastian)
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