AOL’s Revenues, Operating Income Increase

America Online posted revenue of $2.1 billion and a 13 percent higher operating profit, compared with the same period last year, as part of Time Warner’s Q2 results announced today.

For the first time since the third quarter of 2001, AOL reported growth in its advertising business. Ad revenue rose $42 million to a total of $221 million for the quarter, a 23 percent increase over the same period last year. The improvement was led by paid-search advertising, fueled by its partnership with Google.

In Q2, even though AOL lost 1.3 million dial-up subscribers, it added 630,000 “bring your own access” customers.

Time Warner Cable’s Road Runner service added 127,000 broadband Internet subscribers in the second quarter to increase its high-speed data business to 3.5 million subscribers.

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