AOL reported better than expected fourth quarter earnings this morning. The company, which owns TechCrunch, reported revenue of $576.8 million, which is down 3 percent from Q4 2010 revenue of $596 million. Earnings came in at $0.23 per share, or $22.8 million, which is down 66 percent from $66.2 million a year ago. Analysts expected $0.16 per share. AOL says total revenue decline was its lowest rate of revenue decline in 5 years. While global advertising revenue was 10%, subscription revenue declined by 18%. AOl also saw a 15% growth in global display revenue and a 20% growth in third party network revenue.


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