AOL Q2: Revenues Down To $531M, Lowest Decline In 7 Years; Traffic, Ad Revenues Up
Ingrid is a reporter for TechCrunch, joining February 2012, based out of London. She comes from paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. Ingrid covers mobile, digital media, advertising and the spaces where these intersect. When it comes to work, she feels most... ? Learn More AOL (owner of TechCrunch) continues to stem its declines, although it is still declining. In Q2 results reported just now, the company noted revenues of $531 million. That’s a two percent decline on the same period last year, but it is still the lowest decline it’s had in seven years. Diluted earnings per share were $10.17, while net income was $970.8 million, compared to a net loss of $11.8 million in the same quarter last year. Traffic is also up by four percent on last year to 112 million unique visitors, with the Huffington Post continuing to drive those numbers. The results beat numbers from analy...