AOL Posts Revenue Of $532 Million For Q3
AOL, Inc. (NYSE:AOL) has posted revenues of $532 million with an earnings loss of $0.02 per share. This is great news for the company because Wall Street was expecting the company to hit $524 million and a loss of $0.06 per share. The company was able to gain revenue from their gains in The Huffington Post and the TechCrunch acquisitions.
However Wall Street is looking for AOL to grow their core display businesses and for the company to improve their earnings. AOL’s ad sales were up 8% and display ads were up 15%. Domestic display growth saw a 14% sequential decline from last quarter’s 16% rise. AOL properties saw a 1% gain even after the two large acquisitions.
Even though AOL acquired Huffington Post and TechCrunch, the company’s website traffic barely moved. A year ago, AOL was hitting 106 million monthly unique visitors to their website. And this year, the total was only 107 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry