AOL Revenues Drops 26% Year Over Year
AOL reported its Q2 earnings today, not quite living up to analysts’ expectations. Rather than just spit all of the numbers at you, I’ll just post the charts that AOL was kind enough to include in its announcement.
"In the second quarter, we continued our efforts to successfully reposition AOL for growth and the Company is getting healthier every day," said Tim Armstrong, Chairman and Chief Executive Officer. "Although we have much more significant goals for the future of AOL, we are pleased with this quarter’s internal and external trends."
During the quarter, AOL reorganized its content business into what it refers to as " a variety of super networks." The company also relaunched Mapquest, expanded Patch into 83 towns (from 44), and migrated the majority of its AOL Mail users to a new back-end system.
The company also continued its talent acquisition spree, while selling ICQ, DMS, Bebo and its investment in Kayak.