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November 5, 2013 05:18 pm GMT
AOL (owner of TechCrunch) today reported its Q3 earnings with a 6% rise in revenues over a year ago to $561 million, led by growth in its advertising business, specifically around the premium ad formats like video that AOL is pushing as a counterbalance to the dominance that Google has in other formats like search. Those sales figures easily beat Wall Street estimates of $549 million. But a cloud continues to hang over the company's net income in the form of Patch, the hyperlocal content and advertising effort that has yet to convert into a money spinner for AOL; as well as bigger restructuring costs.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/C2BKiu3q3ag/
AOL Q3 Beats Estimates On Sales Of $561M But Net Income Weighed Down By $25M Patch Restructuring
AOL (owner of TechCrunch) today reported its Q3 earnings with a 6% rise in revenues over a year ago to $561 million, led by growth in its advertising business, specifically around the premium ad formats like video that AOL is pushing as a counterbalance to the dominance that Google has in other formats like search. Those sales figures easily beat Wall Street estimates of $549 million. But a cloud continues to hang over the company's net income in the form of Patch, the hyperlocal content and advertising effort that has yet to convert into a money spinner for AOL; as well as bigger restructuring costs.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/C2BKiu3q3ag/
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