AOL Time Warner surprisingly beat expectations with its first financial results since the two companies merged, but was still left counting large losses.
By John Oates
Published: 31 January 2001 17:52 GMT
Revenue for the period ending 31 December 2000 was $10.2bn and pre-tax profits were $2.4bn. The company lost $1.1bn due to a number of charges. This beat Wall Street's expectations by one cent per share.
AOL recorded revenue growth of 27 per cent with profits up 58 per cent. The company signed up 1.2 million new subscribers over the period.
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