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Total revenue amounted to $532 million, down from $564 in the third quarter of 2010. Net losses amounted to $2.6 million, compared to a profit of $171.6 million a year ago.
The 8% increase in ad revenue -- the company's second consecutive quarterly gain since 2008 -- was driven largely by a 28% increase in ads sold through third-party networks such as advertising.com. Display revenue from ads run on AOL's growing portfolio of web properties was up 15% compared to the year previous.
Revenue from AOL's dwindling Internet subscription service continued to drag on profits, bringing in only $191 million in revenue, about three quarters what it brought in a year ago.