Summary:

America Online’s Q4 revenues declined 7%. Operating income before depreciation and amortization improved to $301 million from a loss of $33.…

America Online’s Q4 revenues declined 7%. Operating income before depreciation and amortization improved to $301 million from a loss of $33.1 billion. The domestic AOL brand subscriber count amounted to 24.3 million as of Dec. 31, down nearly 400,000 from three months earlier, and down 2.2 million from year-ago figures.

Ad revenues decreased by 40%, related to reduced benefits from prior-period contract sales of over $550 million and lower intercompany revenues of $138 million. Other revenues declined 61%, due mainly to AOL’s previously announced strategy to reduce the promotion of its merchandise business.

Read more in the press release

You’re subscribed! If you like, you can update your settings

Comments have been disabled for this post