AOL Inc. (NYSE: AOL) had increased its third quarter revenue in advertising sales. Its advertising business, specifically for video ads, is growing at a good pace. The company’s revenues were up 6 percent compared to the same period last year to $561 million.
Reuters
Advertising sales drive AOL’s revenue growth
http://blink.htcsense.com/web/articleweb.aspx?regionid=1&articleid=15010986
However, you can’t really have everything. Besides the good news there is one thing weighing down the company from making considerable gains in earnings for the quarter.Tim Armstrong’s last big gamble the local news platform Patch is not doing good.
AOL ad sales rise, but Patch websites weigh on profit – New York Post
Video advertising commands higher prices than other forms of digital advertising. AOL Inc reported higher-than-expected third-quarter revenue on increased advertising sales, but earnings fell sharply because of challenges at its network of community news websites known as Patch.
Patch.com is a US local news and information platform owned by AOL (NYSE: AOL). Patch as a media dais has come under analysis and scrutiny from a group of media personalities. And now, investors expected cuts at Patch because they have long eyed it as a problem pustule for AOL (NYSE: AOL).
AOL ad sales rise, but Patch websites weigh on profit – AOL Inc reported… http://t.co/aRO81mxRrC #LauraMartin #NeedhamCo
Leave a Reply