NEW YORK - AOL Inc., newly released from its fizzled marriage with Time Warner, is reporting a slim profit for the fourth quarter despite revenue declines.
The company, which runs dozens of Web sites and a shrinking dial-up Internet access business, said Wednesday it earned $1.4 million, or a penny per share, in the last three months of 2009.
That contrasts with a loss of almost $2 billion, or $18.52 per share, a year earlier when it absorbed a hefty accounting charge.
It says revenue fell 17 per cent to $809.7 million, reflecting smaller contributions from its two main sources, dial-up subscribers and online advertising.
