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July 25, 2012 03:21 pm GMT

AOL Q2: Revenues Down To $531M, Lowest Decline In 7 Years; Traffic, Ad Revenues Up

aollogoAOL (owner of TechCrunch) continues to stem its declines, although it is still declining. In Q2 results reported just now, the company noted revenues of $531 million. That's a two percent decline on the same period last year, but it is still the lowest decline it's had in seven years. Diluted earnings per share were $10.17, while net income was $970.8 million, compared to a net loss of $11.8 million in the same quarter last year.Traffic is also up by four percent on last year to 112 million unique visitors, with the Huffington Post continuing to drive those numbers.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ANlIE-bnt8U/

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