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AOL sees revenue grow for the first time in almost a decade

AOL sees revenue growth for the first time in eight years.

@CharlesJGantt
Published Fri, Feb 8 2013 1:30 PM CST   |   Updated Tue, Nov 3 2020 12:24 PM CST

Who here remembers AOL? Yes that AOL, the one famous for bringing America on to the interwebs. Since the rise of broadband and the decline of the much slower 56k connection, AOL has fallen out of the limelight and pretty much out of the business world altogether.

AOL sees revenue grow for the first time in almost a decade  | TweakTown.com

For the last eight year in a row, AOL has reported massive revenue losses that are attributed to its once popular, but now almost nonexistent dial-up internet service. Finical reports recently released show that for the first time in almost a decade, AOL saw revenue growth.

The company reported revenue of $599.5 million in December, a 4% increase from the $576.8 million it generated during the same quarter in 2011. "AOL returned to growth and generated significant value for shareholders in 2012," said Tim Armstrong, AOL's chairman and CEO, in a statement. "AOL has strong momentum entering 2013 and is positioned to continue on our growth path by executing our strategy to build the next generation media and technology company."

NEWS SOURCE:mashable.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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