AOL delivered a little bit of something for everyone with its Q4 earnings report — good news, bad news, and hope that its many different initiatives are on track to pay off for the company. First the bad news: AOL reported a profit of US$22.8 million, or 23 cents a share, that was down from the $66.2 million, or 61 cents a share, it earned in the same period a year earlier. Revenue for the company dropped 3 percent to $576.8 million for the quarter, which ended Dec. 31. Revenue also declined for the year, falling to $2.2 billion in 2011 — a 9 percent drop from 2010.
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AOL Dumps a Lighter Load of Bad News
Posted by: Erika Morphy February 1, 2012 02:52 PMAOL delivered a little bit of something for everyone with its Q4 earnings report — good news, bad news, and hope that its many different initiatives are on track to pay off for the company. First the bad news: AOL reported a profit of US$22.8 million, or 23 cents a share, that was down from the $66.2 million, or 61 cents a share, it earned in the same period a year earlier. Revenue for the company dropped 3 percent to $576.8 million for the quarter, which ended Dec. 31. Revenue also declined for the year, falling to $2.2 billion in 2011 — a 9 percent drop from 2010.