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HBO Now has 800,000 paying subscribers since April launch

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FILE - In this March 9, 2015, file photo, HBO CEO Richard Plepler talks about HBO Now for Apple TV during an Apple event in San Francisco. HBO Now has gained about 800,000 paying subscribers since it launched on Apple TV in April 2015, contributing significantly to the 2.7 million net new HBO customers in the latest quarter. The figure was revealed by Plepler in a conference call following the release of parent Time Warner Inc.’s quarterly earnings results, Wednesday, Feb. 10, 2016. (AP Photo/Eric Risberg, File)

NEW YORK, N.Y. – HBO Now has gained about 800,000 paying subscribers since it launched on Apple TV in April, contributing significantly to the 2.7 million net new HBO customers last year.

The figure was revealed by HBO CEO Richard Plepler in a conference call following the release of parent Time Warner Inc.’s quarterly earnings results.

The gains in the standalone online service didn’t seem to wow investors. Stifel analyst Benjamin Mogil said 3.2 per cent gain in HBO subscriber revenue came below the 4.7 per cent Wall Street expected.

Revenue at Time Warner also fell 6 per cent to $7.08 billion, below the $7.55 billion expected by analysts polled by Zacks. Earnings of $1.06 per share beat the $1.01 that analysts were expecting.

Shares fell less than a per cent to $62.79 in midday trading Wednesday.

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