AOL's Programmatic Bet Is Paying Off
Posted in: UncategorizedWithout AOL’s ad-tech business, the company would essentially be a random collection of media properties subsidized by fading dial-up revenue. With it, AOL appears to be positioned for long-term success buoyed by booming programmatic ad spending.
AOL ad-tech and video (platforms) revenue grew 44% over the past year, driving an 18% increase in the company’s overall ad revenue, according to its third-quarter earnings report released today.
“We’re encouraged by progress of the platforms segment, suggesting AOL is squarely participating in market shift toward programmatic execution and video,” said Wells Fargo Securities senior analyst Peter Stabler in a research note following the release.