AOL Returns to Growth After 8 Years
Did you read the announcement that AOL announced its first quarterly revenue growth in 8 years on Friday?
Fourth quarter sales rose 3.9 percent to $599.5 million spurred by a 12.9 percent increase of advertising revenues. AOL’s stock price jumped more than 7 percent on Friday, as the company continues its climb back to relevance. AOL’s stock has surged 115 percent over the past 12 months, making it one of the hottest tech stocks of the past year.
It is believed that this milestone is based on the conversion from a dialup service provider to a digital provider.
Since breaking away in 2009 from Time Warner, AOL has acquired both TechCrunch and The Huffington Post. Both of these mergers places AOL back in the position of a provider of premium online content.
Wonder what will be next for AOL? Will they be a competitor again for our services? Something to think about when you are searching for internet providers again.
The chart above is from Statista and reviews the slow but steady revenue growth for AOL.
I used AOL a very long time ago. I didn’t know people were still using AOL. I like google so much!
wow, to be honest i didn’t even know they were still around! good for them, starting over it looks like!
AOL First internet service i ever seen lol
AOL was the first one I used as well. Seems like a long time ago! Thanks for stopping by!
I remember AOL from over 20 yrs ago, they were one of the first big names on the net, but everytime you tried one of their disks they sent in the mail, it was so advertiser based/driven that I would just clean it off the drive and carry on… never was a fan of theirs
never used aol and did not know this info.thanks