AOL Q1 Profit Plummets - Quick Facts

(RTTNews) - AOL, Inc. (AOL) reported a plunge in first-quarter 2014 net income attributable to the company to $9.3 million, or $0.11 per share, from $25.9 million, or $0.32 per share, last year. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.45 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, the firm clocked total revenue of $583.3 million, up 8%, versus $538.3 million reported a year back, driven by global advertising revenue growth. Eighteen analysts estimated revenues of $577.7 million for the quarter.

During the quarter, global advertising revenue grew by 16% year-over-year, reflecting 55% growth in Third Party Platform revenue; a 3% decline in global display revenue; as well as a 1% decrease in global search revenue. Subscription revenue fell 10% year-on-year.