Feeds

AOL-Time Warner Net business doing nicely

More users, online for longer, and splashing out

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

AOL-Time Warner saw earnings rise for the first quarter, with its number of Net users growing by 16 per cent.

The media and Net monster, seemingly unaware that the dotcom economy was in the grips of a downturn, reported cash earnings per share of 23 cents, excluding charges, for the quarter ended March 31, 2001.

This compared to the 19 cents per share pro forma figure the previous year.

After expenses, including the merger-related costs for the two companies and other charges, the giant posted a net loss of $1.4 billion, or 31 cents per share, slightly less than the net loss of $1.5 billion, or 34 cents per share, a year earlier.

Sales grew nine per cent to $9.1 billion.

The company said overall revenue from Net subscriptions grew nine per cent to $3.9 billion, advertising and commerce revenues increased ten per cent to $2.1 billion, and content and other revenues reached $3.2 billion.

Total subscriptions grew 16 per cent to more than 133 million, with AOL adding two million users during the quarter (bringing its worldwide customer total to 28.8 million). Sales at the ISP for the quarter grew 17 per cent to $2.1 billion, with the average US AOL user spending 70 minutes online per day, compared to 64 minutes a year ago. ®

Related Link

AOL-Time Warner Q1 statement
Related Stories
AOL exceeds 29 million users
AOL UK bans time
AOL and Time Warner deal done

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.