AOL’s earnings for Q4 2013 are out.
Revenue is up 13% year over year.
Here’s the score. It’s a beat on revenue, but tiny miss on earnings per share:
Revenue: $679 million (analysts expected about $US655 million)
EPS: $0.43 (analysts expected $US0.46)
AOL says this was the strongest revenue growth for the company in a decade. The stock is up about 5.6% pre-market.
The company now has $US207 million in cash on hand. It had $US466 million a year ago.
AOL had 120 million monthly unique visitors to its websites on average for the quarter. The company has 2.5 million Internet subscribers, down from 2.79 million (10%) a year ago.
Another interesting breakout: AOL took a $US5.8 million charge related to laying off staff members from the local news service Patch. This will be AOL’s last Patch-related charge now that the division has been sold to Hale Global.
Here’s the revenues chart: