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AOL First-Quarter Revenue Rises 8% On Higher Ad Sales

ReutersMay 7, 2014, 16:54 IST

Jessica Rinaldi/Getty Images

(Reuters) - Digital media and entertainment company AOL Inc reported an 8 percent rise in first-quarter revenue, helped by an increase in ad sales.

Net income attributable to AOL, which owns the Huffington Post news website and the TechCrunch blog, fell to $9.3 million, or 11 cents per share, from $25.9 million, or 32 cents per share, a year earlier.

Revenue rose to $583.3 million from $538.3 million for the quarter ended March 31. The company's advertising revenue rose 16 percent to $433.4 million.

(Reporting by Soham Chatterjee; Editing by Simon Jennings)