AOL Returns to Growth After 8 Years
Former internet heavyweight 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.
The latest results mark a milestone in CEO Tim Armstrong’s quest to transform his company from an internet service provider into a digital media company. Since AOL’s spin-off from Time Warner in 2009, the company had acquired TechCrunch and The Huffington Post to re-position itself as an ad-selling provider of premium online content.
The above chart nicely illustrates the slow progress AOL has made in the past 2 years.
- Real gross domestic product (GDP) growth rate in the United States from 2008 to 2018 (compared to the previous year)
Gross domestic product (GDP) growth rate in the United States 2018
- Gross domestic product (GDP) of the United States at current prices from 2008 to 2018 (in billion U.S. dollars)
Gross domestic product (GDP) of the United States 2018
- Public debt of the United States from 1990 to 2014 (in billion U.S. dollars)
Public debt of the United States
- Total worldwide prescription drug revenue growth - projection 2014-2020Total worldwide prescription drug revenue growth - projection 2014-2020
- Year-over-year revenue growth of Amazon and eBay 2006-2013Year-over-year revenue growth of Amazon and eBay 2006-2013
- Advertising revenue growth 2013-2014Advertising revenue growth 2013-2014
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