5:30 PM AOL's Patch unit is "pivoting away from a human editor centric model, toward one where local sites ("Patches") are built to be content-sharing and community-organizing tools," BI reports. Though AOL posted decent online ad growth in Q4, Patch, which carried out layoffs earlier in 2012, remains a weak spot. On the Q4 call, CEO Tim Armstrong claimed Patch saw "record traffic growth" in Q4, but admitted it failed to reach AOL's $40M-$50M revenue target. AOL still promises a profit for the unit by the end of 2013. Read comments
AOL price at time of publication: $37.76. Check AOL price now »
Focus Articles on AOL
- AOL's Outlook Improves On Ad Growth But Lofty Valuation A Concern by Trefis
- AOL Still Not Out Of The Woods by Dana Blankenhorn
- AOL Earnings Preview: User Growth Key In The Competitive Landscape by Trefis
Press Releases on AOL
- Autoblog Canada and Unhaggle Partner to Deliver Market-Leading Car Shopping Tools (Business Wire)
- AOL's Advertising.com Group Rebranded as AOL Networks (Business Wire)
- The AOL On Network and Discovery Communications Announce Licensing Agreement to Offer Award-Winning Programming to Audiences Around the Web (Business Wire)
Related Articles on AOL
- WiLan Is Benefiting From Communications Patent Wars by Louis Rhéaume
- VIX - Options Volatility And Market Sonar: Tuesday Recap by Erick McKitterick
- VIX - Options Volatility And Market Sonar: Monday Recap by Erick McKitterick
StockTalk on AOL: AOL StockTalk | Twitter AOL | Twitter $AOL | AOL Instablogs
Recent Market Alerts on AOL: All currents | Earnings | Dividends | M&A | On the move
Transcripts on AOL
- AOL's CEO Discusses Q4 2012 Results - Earnings Call Transcript
- AOL Management Discusses Q3 2012 Results - Earnings Call Transcript
- AOL's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following AOL: unsubscribe from all AOL email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on AOL
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Prices in this email are BATS Last Sale quotes.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment