Feeds

AOL's pulse slows as Q2 revs slip 24%

Ad biz just ain't wot it used to be

Website security in corporate America

Internet old guard AOL might be grateful the world is looking in the other direction today, after its parent company Time Warner reported less than rosy second quarter results for the tech firm.

AOL saw revenue sharply decline 24 per cent to $804m for the three months ended 30 June this year, compared with $1.06bn in its 2008 Q2.

The ailing company, which is expected to be cut loose from Time Warner later this year, saw operating income fall 28 per cent to $165m for the quarter.

According to Time Warner’s breakdown of AOL’s latest numbers, the firm saw subscription sales tumble 27 per cent, after 510,000 dial-up customers abandoned its service in Q2. AOL currently has 5.8 million subscribers on its books.

And while Yahoo! is busy making hay with Microsoft in an ad deal that will leave the Carol Bartz-led web outfit looking a bit like a glorified door-to-door salesman, AOL continues to limp along, noting a 21 per cent dip in its own ad biz.

It blamed much of the fall in sales on lower ad network, display and paid search revenue.

Time Warner, which earlier this week took a few steps closer to divorcing AOL, reported second quarter net income of $519m, or 43 cents a share, on revenue of $6.8bn. That’s an 8.8 per cent decline compared to the company’s year ago Q2.

"We’re on track to spin off AOL to our stockholders around the end of the year," said Time Warner's CEO Jeff Bewkes. "Separating AOL will benefit both companies - enabling Time Warner to concentrate fully on our core content businesses and improving AOL’s operational and strategic flexibility." ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.