AOL (AOL) Tops Q4 Views, But Struggles to Find Ad Revs
Tweet
Share
E-mail
Get Alerts AOL Hot Sheet
Join SI Premium – FREE
AOL, Inc. (NYSE: AOL) shares are trading modestly higher ahead of the market today, following a Q410 earnings victory led by a sharp reduction in restructuring costs.
AOL had net income of $66.2 million, or $0.60 per common share, a significant jump from $1.4 million reported in Q409.
Total revs of $596 million were down 26% from $806.7 million reported in Q409.
Overall, analysts were looking for EPS of $0.43 with revs of $587.44 million.
In terms of revenues, AOL's largest segment, ad revs, saw a 29% decline to $331.6 million. They noted that $80.2 million of the drop was related to "AOL-implemented initiatives and comprises," and the other declines came from an overall drop in search and contextual queries. Display revenue declines of $11.9 million reflect a slight decline in domestic premium inventory sales as well as less AOL Properties inventory monetized through their network.
In terms of subs, Domestic AOL-brand access subs fell 23% to 3.852 million, domestic ARPU dropped 2% to $18.12, and domestic AOL-brand access sub churn fell 23% to 2.3%.
Cash and equivalents were $801.8 million at the end of the period.
AOL stock is up about 1% premarket today.
AOL had net income of $66.2 million, or $0.60 per common share, a significant jump from $1.4 million reported in Q409.
Total revs of $596 million were down 26% from $806.7 million reported in Q409.
Overall, analysts were looking for EPS of $0.43 with revs of $587.44 million.
In terms of revenues, AOL's largest segment, ad revs, saw a 29% decline to $331.6 million. They noted that $80.2 million of the drop was related to "AOL-implemented initiatives and comprises," and the other declines came from an overall drop in search and contextual queries. Display revenue declines of $11.9 million reflect a slight decline in domestic premium inventory sales as well as less AOL Properties inventory monetized through their network.
In terms of subs, Domestic AOL-brand access subs fell 23% to 3.852 million, domestic ARPU dropped 2% to $18.12, and domestic AOL-brand access sub churn fell 23% to 2.3%.
Cash and equivalents were $801.8 million at the end of the period.
AOL stock is up about 1% premarket today.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Benchmark initiates Synopsys, Cadence with Buy ratings on AI-driven EDA outlook
- Medtronic acquires SPR Therapeutics for $650 million
- Raymond James on ProLogis (PLD): 'Expect Strong Positive Reaction Early to Robust Beat and Raise'
Create E-mail Alert Related Categories
Earnings, Insiders' BlogRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
