AOL grew its consumer base strongly and saw continued strength in video, mobile and programmatic advertising, while we also updated the structure and capabilities of the company.
– Tim Armstrong AOL CEO
AOL on May 8 reported revenues of $625.1 million and adjusted earnings per share of $0.34 for the quarter that ended March 31, beating analysts' expectations. Revenues and ad sales were both up year-on-year.
AOL’s Multi-Platform User Growth Fastest among the Top 5 Internet Properties | Business Wire
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.
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
Verizon said May 12 that it agreed to buy AOL for $4.4 billion. Verizon said the deal will help it create a "premium digital experience" for its customers. The deal is expected to close this summer, pending regulatory approval.
In Big Content Push, Verizon Buys AOL For $4.4B [Internal Memo From AOL CEO Tim Armstrong]