AOL revenue rises 13 pct as ad sales jump
Feb 6 (Reuters) - Digital media and entertainment company AOL Inc reported a better-than-expected 13 percent rise in quarterly revenue as its advertising revenue rose, especially from video.
The company's total revenue rose to $679 million in the fourth quarter ended Dec. 31 from $599.5 million a year earlier.
Analysts on average had expected revenue of $655.8 million, according to Thomson Reuters I/B/E/S.
Net income attributable to AOL rose to $36 million, or 43 cents per share, in the quarter from $35.7 million, or 41 cents per share a year earlier.
AOL, which owns the Huffington Post news website and TechCrunch blog, reported a 23 percent rise in advertising revenue due to higher sales of premium ad formats such as video.
- Malaysia says no evidence missing plane flew hours after losing contact |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- Rescuers search site of NY building collapse; seven dead
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |