By: Jennifer Hong
Feb 2, 2021
AOL’s fourth-quarter profit soars but revenue declined sharply. AOL has suffered from slides in advertising sales and dial-up subscriptions. The Internet company reported earnings of $ 66.2 million, or 61 cents a share, compared with $ 1.4 million or 1 cent a share, in the same period a year ago.
Company revenue fell 26 percent to $ 596 million.
Its revenue surpassed the $ 587.5 million analysts had expected, according to Thomson Reuters.
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