(Reuters) – Warner Bros Discovery (NASDAQ:)’s quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery Inc and AT&T Inc (NYSE:)’s WarnerMedia assets.

These results do not include WarnerMedia figures, which are home to Harry Potter franchises and TV channels such as CNN, and streaming service HBO Max.

The company announced Tuesday that the total number of paid streaming subscribers, including Discovery+, increased by 2,000,000 in the 3 months preceding the closing of the merger.

In a quarter in which Netflix Inc. (NASDAQ:), saw its first drop in over a decade, there was a rebound in ad expenditure and the Beijing Olympics in Feb. Discovery’s lifestyle television networks like HGTV or TLC were key factors in attracting subscribers.

This streaming pioneer’s bleak performance highlights the problems facing this sector’s newest powerhouse. Wall Street is increasingly skeptical about streaming’s future prospects, due to large investments in content and uncertain financial outcomes.

Warner Bros Discovery saw its total revenues rise 13% to $3.16 Billion in the March 31st quarter.

The company’s net income rose from $140million, which was 21 cents per shares, to $456million, or 69c per share.