Improved Revenue & Expense Trends Lead AOL to Increase 2012 Adjusted OIBDA Guidance to $350 Million*
Global Advertising Revenue Grows Year-Over-Year for the Fourth Consecutive Quarter
Combined AOL Properties Display & Third Party Network Revenue Grows 10% Year-Over-Year
Subscription Churn Rate the Lowest in Seven Years
Significant Improvements Made to Search and Contextual Revenue Trends
Operating Expenses Decline Quarter-over-Quarter for the Fourth Consecutive Quarter
Reported EPS of $0.22 Compares to $0.04 in Q1 2011
AOL Repurchased 1.8M Shares Since its Last Earnings Release at an Average Price of $17.65
AOL has Repurchased 14.8M Shares To-Date at an Average Price of $14.11
NEW YORK--(BUSINESS WIRE)--May. 9, 2012-- AOL Inc. (NYSE: AOL) released first quarter 2012 results today.
“AOL is a much stronger company today than a year ago and began 2012 by growing advertising revenue, lowering expenses and improving Adjusted OIBDA trends," said Tim Armstrong, Chairman and CEO. "In 2012 and beyond we are simultaneously focused on the continued successful execution of our strategy and on creating and unlocking value for our shareholders.”
If the AOL concept weren't obsolete, this thing would be charging to the moon. AOL gets a pop for a couple of days, then it trades back down to 24 - 25. Once the patent sale is finalized, AOL heads back into the teens if not lower.