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.