AOL reports 12% rise in quarterly revenue

Wednesday 06 August 2014 13.07
AOL saw its revenue from advertising increase by 20% during the quarter
AOL saw its revenue from advertising increase by 20% during the quarter

Digital media and entertainment company AOL has reported a 12% increase in quarterly revenue, helped by a jump in advertising sales.

Net income attributable to AOL fell to $28.2m, or 34 cents per share, for the second quarter ended June 30, from $28.5m, or 35 cents per share, a year earlier.

Revenue rose to $606.8m from $541.3m. 

Advertising revenue increased 20% to $451.7m, said AOL, which owns the Huffington Post news website and the TechCrunch blog.