AOL reports lower first-quarter revenue

Reuters News
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Posted: May 09, 2012 7:18 AM

(Reuters) - AOL Inc reported a decline in first-quarter revenue on Wednesday.

Revenue fell 4 percent to $529.4 million as subscription revenue dropped 15 percent.

Net income rose to $21 million, or 22 cents per share, from $4.7 million, or 4 cents per share, a year earlier.

(Reporting By Jennifer Saba; editing by John Wallace)