America Online (AOL) today reported its first quarter 2013 results today. The company reported the sales of $539 million, up 2% while diluted earnings per share stands at $0.32. Further, the company’s properties’ unique visitors grew 3% year-over-year, while global display revenue grew 8% year-over-year.
“Growth continues at AOL,” said Tim Armstrong, Chairman and CEO. “AOL’s strategy of being the first scaled media and technology company is clearly represented in our results today, and we will continue to aggressively drive the company toward near-and long-term growth.”
Business Highlights:
- Growth in All Advertising Revenue Lines For The First Time in 5 Years Drives Total Revenue Growth
- AOL’s Return to Global Display Revenue Growth Drives Total Advertising Growth
- AOL Properties’ Unique Visitors Grew 3% Year-over-Year
- AOL Grew Global Display Revenue 8% Year-over-Year
- AOL Grew Third Party Network Revenue 10%, its 8th Consecutive Quarter of Year-over-Year Growth
- AOL Grew Global Search Revenue 9%, its 3rd Consecutive Quarter of Year-over-Year Growth
- AOL’s Subscription Revenue Declined 9% Year-over-Year, Compared to a 15% Decline in Q1 2012
- AOL Grew Adjusted OIBDA 12% and Operating Income 59% Year-over-Year
- Diluted EPS of $0.32 Compares to $0.22 in Q1 2012
