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All Posts Tagged Tag: ‘Tim Armstrong’

AOL Earnings Released, Revenue Up 12%

AOL just released its Q3 earnings report with total revenue growth of 12% year-over-year thanks to strong global advertising growth. This was the company’s seventh consecutive quarter of revenue growth. It grew its domestic multi-platform unique visitors by 14% from the same period last year, which is the fastest rate of grwoth among the top five internet properties, AOL claims. …

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AOL Sees 6th Consecutive Quarter Of Revenue Growth

AOL just released its Q2 earnings report with its sixth consecutive quarter of revenue and adjusted OIBDA growth. Total revenue grew 12% year-over-year. The company attributes this to accelerated global advertising revenue, which grew 20% year-over-year. The company saw 60% growth in third party platform revenue driven by growth in the sale of premium formats across its programmatic platform as …

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AOL Launches Programmatic Ad Platform ‘One’

AOL has rebranded AOL Networks to AOL Platforms, and announced the launch of One, a cross-screen programmatic ad platform, which combines the teams and technologies behind Adap.tv, AdLearn Open Platform (AOP) and MarketPlace, and lives under the AOL Platforms brand. Here’s the official description for One: ONE will be the first platform that empowers brands with a holistic view of …

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AOL Earnings Released, Company Posts Strongest Quarter In 10 Years

AOL just released its Q4 earnings report, delivering its strongest revenue growth in a decade. Total revenue grew 13% year-over-year, mostly due to global ad revenue growth, which grew 23% itself. This includes 63% growth in third party network revenue and 7% growth in global display. Global search revenue decreased by 2%. CEO Tim Armstrong said, “2013 was AOL’s most …

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AOL Gets Rid Of Patch, But Keeps Minority Stake

AOL will continue to have a relationship with its hyperlocal news service Patch, but is relinquishing operation and majority control, as it has announced a new joint venture with Hale Global. AOL says it will contribute Patch to a new limited liability company, of which Hale will own the majority, and will operate. AOL will retain a minority interest. Financial …

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AOL’s Adap.tv Acquisition Is Now Complete

About a month ago, AOL announced the company’s biggest acquisition under CEO Tim Armstrong with news that it would buy video ad platform Adap.tv for $405 million. The company announced the completion of that acquisition today. “With the addition of Adap.tv, AOL’s leadership position in digital video is further solidified,” said Armstrong. “AOL is well positioned to capitalize on two …

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Tim Armstrong Apologizes For Firing Lenz

A public figure runs a media company. An employee of that media company recorded some words, then took a picture of this public figure. This employee is now fired and tensions are high at America Online. If you didn’t already know it, Tim Armstrong is the CEO of AOL.  He founded an Internet media platform in 2007 called “Patch” along …

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AOL Reportedly Laying Off Hundreds From Patch, CEO Reportedly Fires Someone For Taking His Picture

Layoffs are coming to AOL’s Patch hyperlocal news service over the next week or so, according to multiple reports. When the company reported its earnings earlier this week, CEO Tim Armstrong indicated that AOL would get rid of up to 300 Patch sites. The company is not commenting publicly about Patch currently, but plenty of rumors and bits of news …

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AOL Q2 Earnings Out, Global Ad Revenue Boosts Overall Revenue

AOL reported its Q2 earnings on Wednesday, in addition to the news that it is acquiring Adap.tv in CEO Tim Armstrong’s biggest deal yet. The company managed to beat Wall Street estimates. Revenue for the quarter grew 2% year-over-year thanks to global ad revenue growth (7% growth year-over-year). The company also saw 8% growth in global search revenue driven by …

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AOL Appoints Susan Lyne CEO Of Brand Group, Minson Steps Down As COO

AOL just announced that it has appointed Susan Lyne CEO of its brand group, and she will run the AOL operating unit that houses the company’s portfolio of brands. There were already rumors being reported that she would be taking over all AOL content other than Huffington Post, though the company didn’t specifically mention this in its announcement. TechCrunch shares …

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AOL Posts Year-Over-Year Revenue Growth For First Time In 8 Years

AOL released its Q4 earnings on Friday, and reported revenue growth for the first time in 8 years. AOL posted revenue of $599 million, significantly higher than Street’s $574 million estimate. Adjusted OIBDA was $123 MM ($8 MM higher than Street’s $115 MM). This follows AOL’s previous quarter, when it reported the best relative revenue performance in seven years at …

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AOL Reorganizes Operations Into Three Distinct Units

Yesterday, AOL began buying back shares of common stock, spending up to $400 million in a dutch auction style sale. Stockholders stand to receive, or have received, as much as $30 per share. Today, AOL is introducing some more changes. They are reorganizing the company, and from here on out, they will function as three distinct operating units. The three …

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