AOL reports 12% rise in quarterly revenueWednesday 06 August 2014 13.07
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.