AOL Inc reported an 8% rise in first-quarter revenue, helped by an increase in ad sales.
Revenue was $583.3 million, which was well ahead of analyst expectations of $US577.7 million.
The company’s advertising revenue rose 16 per cent to $US433.4 million.
Net income attributable to AOL, which owns the Huffington Post news website and the TechCrunch blog, fell to $US9.3 million, or $US0.11 per share, from $US25.9 million, or $US0.32, a year earlier. EPS was a miss, as analysts were looking for $US0.45 per share.
Here, from AOL’s earnings presentation, is a summary of its results:
And here’s a breakdown by AOL business lines:
And here is where the ad growth is coming from for AOL:
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