AOL CEO Tim Armstrong held court with Wall Street analysts yesterday.
Reading RBC Capital Markets’ report on the meeting, we learned:
- Tim is taking an “underpromise, overdeliver” approach to turning around AOL.
- Subscribers only account for about 20% of unique visitors to AOL’s web sites. (Though they account for a much larger portion of pageviews.)
- AOL isn’t holding out much hope for a more favourable, renegotiated search deal with Google.
- AOL has “fewer than 1,000” advertiser relationships. This is very low. Yahoo has relationships with “several hundred thousand.” Though only 10,000 advertisers matter in display.
Don’t miss: What Wall Street Thinks Of AOL And Tim Armstrong