AOL today reported its third quarter 2012 results, ended September 30, 2012 with operating income for the quarter was $43.1 million, net income was $20.8 million and total revenue was $531.7 million. The company reported earnings of 22 cents per share compared to a loss per share of 2 cents in Q3 2011.
The company reported 7% global advertising revenue driving best year-over-year revenue performance in over 7 years while 12% Adjusted OIBDA growth marks the second consecutive quarter of year-over-year growth. There was 8% search and contextual revenue growth represents the first growth quarter in over 3 Years.
“We just reported the best relative revenue performance in seven years and the second consecutive quarter of year-over-year profit growth, exceeding our expectations,” said Tim Armstrong, Chairman and CEO. “We have positioned AOL for growth in 2013 and beyond with consumer and advertiser demand growing for our premium content and innovative products, video, services and ad formats.”