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Friday, Feb 8
More on AOL: A new $100M stock buyback has been authorized. Ad sales +13% Y/Y, a pickup in...
More on AOL: A new $100M stock buyback has been authorized. Ad sales +13% Y/Y, a pickup in growth from Q3's +7%. A 31% increase in 3rd-party network ad sales, and a 17% increase in search ads, offset flat display ad sales for AOL properties. Dial-up ISP revenue again fell 10% - 99K domestic subs were lost Q/Q, but ARPU rose $0.80 to $19.27, and churn held steady at 1.8%. Free cash flow was $46.3M, -36% Y/Y. The Membership Group (includes ISP ops) still makes up vast majority of profits. AOL +8.9%. (PR) (slides)