For AOL, the fourth quarter of 2012 was a solid one. According to its earnings report, the company posted year-over-year revenue growth for the first time in eight years. During 2011’s fourth quarter, AOL earned $22.8 million in net income, while last year it pulled in $35.7 million.
The reasons for the good close to 2012? AOL saw a 17 percent percent jump in its search business and a 31 percent bump in its third-party ad business.
Tim Armstrong, CEO of AOL, was obviously pleased with the results. “AOL has strong momentum entering 2013 and is positioned to continue on our growth path by executing our strategy to build the next generation media and technology company,” he said, in a statement.