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August 9, 2011 03:21 pm GMT
Internet access, content and online advertising company AOL (which also owns TechCrunch) this morning reported its earnings for the second quarter of the year. AOL reported a net loss of $11.8 million, compared with a year-ago loss of a little over $1 billion, which had included a major goodwill impairment charge and higher restructuring costs. Total revenue came in at $542.2 million, down 8 percent compared to Q2 2010. Subscription revenue took another - albeit expected - hit with a 23 percent decrease.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FeWCfxp3Z9Y/
AOL's Q2: Global Advertising Revenue Finally Up Again, Net Loss Narrows
Internet access, content and online advertising company AOL (which also owns TechCrunch) this morning reported its earnings for the second quarter of the year. AOL reported a net loss of $11.8 million, compared with a year-ago loss of a little over $1 billion, which had included a major goodwill impairment charge and higher restructuring costs. Total revenue came in at $542.2 million, down 8 percent compared to Q2 2010. Subscription revenue took another - albeit expected - hit with a 23 percent decrease. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FeWCfxp3Z9Y/
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