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Market Movers

AOL rises on advertising gains

“We have positioned AOL for growth . . . with consumer and advertiser demand growing for our premium content and innovative products, video, services, and ad formats,’’ CEO Tim Armstrong said.

Justin Sullivan/Getty Images/File 2011

“We have positioned AOL for growth . . . with consumer and advertiser demand growing for our premium content and innovative products, video, services, and ad formats,’’ CEO Tim Armstrong said.

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AOL Inc. had a stronger third quarter: Ad revenue rose 7 percent to $340 million, revenue from third-party ad networks rose 18 percent, and search and contextual advertising rose 8 percent. But US display ad revenue fell 3 percent to $122.5 million, and overall revenue was flat at $531.7 million. Profit was $20.8 million, versus a loss of $2.6 million a year ago.

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