AOL reported its Q3 earnings that saw the company surpass expectations on sales but falling short on operating income (OIBDA).
According to Tech Crunch, the company reported revenues of 626.8 million dollars, EPS of 0.52 dollars and adjusted operating income of 121.8 million dollars. Analysts were expecting sales of 623 million dollars, EPS of 0.52 dollars and OIBDA of 125 million dollars.
Display sales on AOL properties saw a decline as it slumped to 141.5 million dollars from 141.9 million dollars as compared to a year ago. (AOL rounds that to 0 percent change).
According to AOL, the 10 million dollar shortage in sales revenue as a result of "disposed or shuttered brands," contributed to the flat number.
The company said that barring the absence of that recurring revenue, the remaining business actually grew 7 percent, the report added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app