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AOL Q1 Beats Street On Revenues Of $583M, Misses EPS On $22M Of Charges

TechCrunch logo TechCrunch 7/05/2014 Ingrid Lunden

AOL today earnings that beat analyst estimations on sales but were weighed down on restructuring costs of $12 million; a $10 million “asset impairment charge” and a $10 million shortfall in display ad revenues because of “shuttered or de-emphasized brands,” including Patch, which has been spun out to another company.

Analysts had been  earnings per share of $0.45 on sales of $577 million.

AOL has been shifting its ad-based business to focus more on ad tech and revenues that it can gain by helping brands and others make smarter (and potentially more) choices on advertising and marketing spend. The latest development there was the acquisition yesterday of  for up to $101 million to improve marketing analytics. In the past quarter it also launched a new, consolidated platform called AOL One, as a one-stop programmatic shop for ad buyers.

More to come

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