CEO boasts 'return to growth'
corporate revenue nosed 4% to $600 million. AOL moved last quarter to split its business into three segments for clarity: the Brands group, with AOL.com and offshoots like the Huffington Post, Patch, TechCrunch, MapQuest, Moviefone and others; the Membership group free and paid, including AOL Mail and AIM; and AOL Networks, including Advertising.com, ADTECH, Pictela, Goviral and AOL On. Brands revenue rose 4% to $213 million. Adjusted operating profit plunged 34% to $8.8 million. Membership revenue fell 9% to $231 million as profit dipped 10% to $158 million. Networks revenue surged 37% to $184 million and the division swung to a $6.4 million profit from a $10.7 million loss the year before.
Follow @Variety on Twitter for breaking news, reviews and more