.

AOL Firings: Bottom Line

.

Published By:

.

Silicon Alley Insider

.

.

Mar-05Jun-05Sep-05Dec-05Mar-06Jun-06Sep-06Dec-06Mar-07Jun-07Sep-07EDec-07E

.

.

Subscription Revenue$1,774$1,734$1,665$1,582$1,538$1,546$1,455$1,245$873$691$509$498

.

Y/Y Change-13%-11%-13%-21%-43%-55%-65%-60%

.

.

Advertising Revenue$311$320$328$379$392$449$479$566$549$522$527$594

.

Y/Y Change26%40%46%49%40%16%10%5%

.

.

TOTAL REVENUE$2,112$2,079$2,022$1,989$1,957$2,027$1,964$1,838$1,458$1,253$1,036$1,092

.

Y/Y Change-7%-3%-3%-8%-25%-38%-47%-41%

.

Seq. Change4%-3%-6%-21%-14%-17%5%

.

.

Cash Costs$1,599$1,563$1,569$1,666$1,530$1,533$1,410$1,543$916$768$691$603*

.

Y/Y Change-4%-2%-10%-7%-40%-50%-51%-61%

.

Seq. Change0%-8%9%-41%-16%-10%-13%

.

.

Adj. EBITDA$513$516$453$323$427$494$554$295$542$485$345$489

.

Y/Y Change-17%-4%22%-9%27%-2%-38%66%

.

Seq. Change16%12%-47%84%-11%-29%42%

.

Margin24%25%22%16%22%24%28%16%37%39%33%45%

.

.

*Q407 estimate includes 25% headcount reduction. Without this, expense estimate would be $700-$750 million.

.

.

Published By:

.

Silicon Alley Insider