Seeking Alpha

AOL may have positive ad revenue growth for the first time in three years, but it's coming at a...

AOL may have positive ad revenue growth for the first time in three years, but it's coming at a price: The company's cost of revenue grew 20% Y/Y in Q2. Moreover, AOL is spending $160M/year just on its controversial Patch local news initiative, and is still seeing its display ad market share decline at the hands of Facebook and Google (GOOG).
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