AOL's first-quarter net profit up by 23%

   AOL today announced the 2013 fiscal first-quarter earnings. AOL first quarter revenue of $ 538.3 million, an increase of 2% from $ 529.4 million in the same period last year; net profit of $ 25.9 million, an increase of 23% from $ 21.1 million in the same period last year.

 

    In the quarter ended March 31, AOL net profit of $ 25.9 million, earnings per share of 32 cents, this performance was better than the same period last year, but slightly less than analysts had expected. The first quarter of fiscal year 2012, AOL's net profit of $ 21.1 million, earnings per share of 22 cents. Thomson Reuters survey, analysts on average expected AOL first quarter earnings per share of 33 cents. AOL first quarter revenue of $ 538.3 million, an increase of 2% from $ 529.4 million in the same period last year, exceeding analysts' expectations. Thomson Reuters survey, analysts on average expected AOL first-quarter revenue of $ 537 million.

 

    AOL's first-quarter operating profit of $ 49.9 million, $ 31.4 million higher than the same period last year. AOL first quarter cash flow from operations of $ 40.6 million, an increase of 104% over last year's $ 19.9 million; Free cash flow of $ 9.8 million, compared to US $ -950 million. AOL holds cash and cash equivalents as of March 31, 2013, amounted to $ 467.8 million.

 

    AOL in the first quarter from the Advertising revenue was $ 359.2 million, an increase of 9% from $ 330.1 million in the same period last year. From the AOL-owned assets on revenue of $ 238.5 million, an increase of 8% compared to $ 219.9 million in the same period last year; revenue of $ 120.7 million from the third-party network, an increase of 10% from $ 110.2 million in the same period last year .. AOL's own assets in the first quarter from the global business revenue of $ 140.4 million, an increase of 8% from $ 130.3 million in the same period last year; from the global search business revenue of $ 98.1 million more than last year of $ 89.6 million an increase of 9%. AOL in the first quarter from a subscription business revenue of $ 165.8 million, down 9% from $ 182.1 million in the same period last year. AOL first quarter revenue from other businesses fell 23% to $ 13.3 million, compared with $ 17.2 million in the same period last year.