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AOL’s Q4 2010: Revenues Dropped 26 Percent Year-Over-Year

February 2nd, 2011 02:08 admin Leave a comment Go to comments

Our parent company AOL just reported its Q4 2010 earnings, so let’s take a look.

Total revenues for the quarter were down 26 percent (the exact same drop witnessed in Q3), from $806.7 million in Q4 2009 to $596 million last quarter.

The company was expected to earn $0.42 per share on revenues of $587.37 million, so the results are above expectations.

AOL’s subscription revenues for the quarter shows a 23% decline in subscribers year-over-year.

Says AOL chief exec Tim Armstrong:

“I am very proud of what we accomplished in 2010 as we began the year with a significant restructuring of AOL and ended the year with a significantly improved balance sheet, a number of exciting new products and a new culture focused on winning,. We have set aggressive goals for ourselves in 2011 in pursuit of capturing the growing opportunity ahead of us.â€

We’re focused on winning, folks. You heard it here first.

(Updating)

Source: AOL’s Q4 2010: Revenues Dropped 26 Percent Year-Over-Year

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