Digital media company AOL’s recently released third-quarter financial results show strong advertising sales driving growth for the seventh successive quarter.
Perhaps more significantly, this is the second consecutive quarter of double-digit growth, with net income rising to US$28.5m.
Advertising was up 18pc, with third-party platform in particular improving and a huge increase in growth in video ads served. Revenues came in at US$626.8m, up on analysts’ expectations.
“In Q3, AOL continued its strong growth in consumer traffic, revenue and profitability across its portfolio of assets,” said Tim Armstrong, AOL chairman and CEO.
“AOL is a leader in global content, video, mobile, and programmatic advertising and is positioned directly at the centre of the most disruptive changes happening online and offline in culture and code.”