CNET también está disponible en español.

Ir a español

Don't show this again

AMD Radeon RX 6800 XT Daylight Saving Time Ring Video Doorbell Pro Walmart Black Friday Cyberpunk 2077 delayed Section 230 Senate hearing Halloween blue moon

AOL sees jump in first-quarter revenues

America Online posts higher first-quarter profits than a year ago before taking a previously announced charge for subscriber acquisition costs.

America Online (AOL) posted higher first-quarter profits than a year ago before taking a previously announced charge for subscriber acquisition costs.

The nation's number-one online service recorded operating profits of $19 million, or 17 cents per share, for the three months ended September 30, up from $6.1 million or 6 cents per share a year ago. Including the announced write-off of $385.2 million, AOL posted a first-quarter loss of $353.7 million, compared with a loss of $6 million last year.

The earnings were announced after the stock market closed but today AOL stock rose 1-5/8 to 25-5/8, up almost 7 percent in New York Stock Exchange trading.

Analysts said the results were in line with expectations and pointed to the upcoming quarter as a pivotal one for AOL.

AOL said its first-quarter revenues jumped 77 percent to $349.9 million from $197.9 million, a gain that it attributed to an increased subscriber base and higher revenue from advertising and e-commerce.

AOL said it added about 400,000 net new subscribers in the first quarter for a total of about 6.9 million. "Our primary concern right now is meeting the demand we are anticipating," said Chief Executive Steve Case.

As reported, AOL recently announced a $19.95 monthly charge for unlimited access.