Computer Magazines - AOL Slows Profit Loses--Still Down 17-Percent

Computer Magazines - AOL Slows Profit Loses--Still Down 17-Percent

AOL this week release its 2009 earnings report, its first as a standalone company in nearly a decade. The consensus seems to be that they're pretty bad, but, well, all things considered, they could probably be worse. The bottom line is a 17 percent drop year-over-year, from $974 million to $810 million.

The company's overall revenue dropped only eight percent. "Only" because this sector has declined more rapidly in the past. The biggest hit here seems to be in search revenue, which dropped 19 percent.

According to Business Insider, the hit comes because most of those using AOL search are dial-up subscribers, and, well, that space is declining pretty rapidly. AOL Subscriptions dropped 28 percent.

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