AOL released mixed earnings Feb. 11 covering the final three months of 2014, with the company posting earnings of 92 cents per share (better than analysts' expectations of 72 cents per share) and revenue of $710.3 million (worse than expectations of $721.9 million). The company's stock fell by as much as 11% in midday trading.
 is going to be investment mode.
– Tim Armstrong AOL CEO
Armstong said AOL this year would continue to invest in automated advertising technology and its well-known online brands. AOL is looking to expand brands like The Huffington Post and TechCrunch globally. The company confirmed it had recently laid off about 150 employees, mostly in ad sales.
AOL in early February shut down several blogs including video game blog Joystiq, Apple blog TUAW, and "World of Warcraft" blog WoW Insider as part of its efforts to streamline operations. Joystiq was subsequently folded into Engadget.
AOL's membership division, which includes dial-up service, generated $194.8 million in revenue in Q4 2014, down from $196.7 million in Q3 2014 and $209.3 million in Q4 2013. AOL had 2.2 million U.S. dial-up subscribers in Q4 2014, down from 2.5 million in Q4 2013.
AOL Reports Revenue Growth for the First Time in 8 Years in Q4 2012