AOL: Display ads up, profits and subscriptions down

aol baffles with new brand and logo  fish

AOL has released its financial results for the first quarter of 2011, and the company is eager to position its latest figures as the start of a turnaround for the beleaguered online media company. And AOL does have some numbers to crow about: revenue it earns from display advertising across its properties increased 4 percent to $130.5 million during the quarter, the first time AOL has seen an uptick in its display advertising numbers since the end of 2007. However, the company’s overall advertising revenue remained “essentially flat”, subscription revenue declined 24 percent compared to a year ago as the company continues to shed Internet access subscribers, and total revenues for the company were down to $551.4 million for the quarter, down 17 percent from a year ago. AOL’s overall income for the quarter was a mere $4.7 million, down 86 percent compared to a year ago.

“Today represents an important milestone in the turnaround of AOL as global display revenue grew for the first time since Q4 2007,” said AOL chairman and CEO Tim Armstrong, in a statement. “I am proud of the work completed thus far and we remain focused on accelerating our momentum through continued execution of our strategy to become the premier digital content company.”

AOL, now based in New York, has been struggling to convert itself from a walled-garden Internet access provider to a broad collection of ad-supported sites and services since its separate from Time Warner in 2009. AOL’s strategy for broadening its content offerings has been largely based on acquisitions: in addition to its recent high-profile takeover of The Huffington Post earlier this year for $315 million (and commensurate layoffs), AOL has been building on its 2009 acquisition of local-news oriented Patch and attempting to build on its tech blog acquisitions like Engadget and Techcrunch.

Although an uptick in revenue for display advertising may bode well for AOL’s future, it was the only non-negative number in the company’s quarterly results, and AOL still faces significant challenges. Search and contextual ad revenue for the quarter was down 21 percent fo $95.8 million, and overall advertising revenue was down 11 percent to $354.3 million for the quarter. A> says it has about $381.8 million in cash in the bank.

Investors nonetheless responded positively to AOL’s results, sending the company’s stock as much as 10 percent higher in trading after the results were released.

Gaming

Google’s Stadia is the future of gaming, and that’s bad news for our planet

Google’s upcoming Stadia cloud gaming service, and its competitors, are ready to change the way gamers play, but in doing so they may kick off a new wave of data center growth – with unfortunate consequences for the environment.
Emerging Tech

How emotion-tracking A.I. will change computing as we know it

Affectiva is just one of the startups working to create emotion-tracking A.I. that can work out how you're feeling. Here's why this could change the face of computing as we know it.
Gaming

Did Pittsburgh's Antonio Brown fall victim to the Madden Curse?

Join us as we take a tour through the long-running history of the Madden Curse — and Tom Brady's recent accolades. We all know John Madden is a longtime NFL talent, but is he also an agent of dark forces?
Mobile

The Department of Justice may prevent the T-Mobile-Sprint merger

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Computing

Here's everything you need to know about setting up your wireless router

Want to get Wi-Fi working in your home, but don't know where to start? Here's a quick tutorial outlining the four basic steps needed for most routers. You'll be browsing on your laptop from the couch in no time.
Computing

AMD will launch anniversary edition Radeon VII and 2700X to celebrate 50th year

Ahead of its new hardware lines launching this summer, AMD will celebrate its 50th anniversary with special editions of its top-tier gaming hardware: the Radeon VII and Ryzen 2700X.
Product Review

Without 4K or Core i9, the new Razer Blade Pro trades features for polish

Razer hasn’t updated its 17-inch gaming laptop for a couple of years, while showering most of its attention on the smaller sibling. The new Razer Blade Pro takes a lot of cues from the 15-inch model, stretching it out for the big screen.
Computing

Intel’s new Core i9 processors bring 8-core power to laptops

Intel announced a new line of ninth-generation mobile processors that bring eight-core Core i9 processors to laptops. In addition, the company announced a slate of new desktops CPUs that bring the rest of the lineup up to date.
Computing

Pain in the wrists? Type in comfort with one of these great ergonomic keyboards

Long typing sessions can leave anyone's wrists aching, but if you have one of the best ergonomic keyboards, that doesn't have to be the case. Our list of favorites will support good typing posture while being comfortable to use.
Computing

Lenovo Legion, IdeaPad gaming laptops sport 9th-gen CPUs and 16-series graphics

Lenovo is expanding its gaming laptop range with a line of new Legion and IdeaPad notebooks that sport Intel's latest, ninth-generation Core CPUs up to an i7 and a choice of Nvidia graphics with options for everything up to an RTX 2080…
Computing

Asus launches a fleet of ROG gaming laptops with 240Hz screens and 9th-gen CPUs

Asus launched updates to nearly every gaming laptop line they have, ranging from the high-end Zephyrus to the budget-level TUF Gaming. The naming schemes might be hard to parse, but there are some impressive options in Asus' new lineup.
Computing

Nvidia’s new GTX 1660 Ti and 1650 graphics cards for laptops start at $799

Nvidia announced the GTX 1660 Ti and GTX 1650, two new mobile graphics cards to flesh out the Turing lineup for laptops. These GPUs don't have the ray tracing capabilities of the RTX 20 series, but start at much lower prices.
Computing

Microsoft reverses decision and extends lifeline to MS Paint for Windows 10

Microsoft reversed its decision to deprecate the classic MS Paint software on Windows 10. Microsoft announced on Twitter that the mainstay free image editor that comes pre-installed with Windows will live on for now.
Computing

Acer gives Predator, Nitro gaming notebooks CPU and GPU upgrades

Acer's latest gaming notebooks will be getting a processor and graphics boost. The company announced that Intel's ninth-generation mobile CPU and Nvidia's GTX 1660 Ti will land on the Predator Helios 300, Nitro 7, and Nitro 5 laptops.