2 Million Americans Still Paying for AOL Access

#Money

Fri, Aug 8th, 2014 20:00 by capnasty NEWS

According to ReCode, 2.36 million Americans, who had signed up for AOL a decade ago, are still paying for their subscription even if "they likely aren’t getting Internet access from AOL anymore."

Tim Armstrong’s company says its subscription business generated $143 million in “Adjusted OIBDA” – its proxy for operating income — last quarter. That’s more than the $121 million in Adjusted OIBDA that the entire company generated.

Here’s how it makes that money: Getting a shrinking number of subscribers — 2.34 million this quarter, down from 3.62 million at the beginning of 2011 — to pay an increasing amount — the average AOL subscriber now pays $20.86 per month, up from around $18 a few years ago.

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