The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
On Sept. 18, Capital One and Walmart announced the launch of the Capital One Walmart Rewards Credit Card Program, which offers two new cobranded credit cards. Here's a break...Moneyread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
In an apparent setback for Prime Minister Benjamin Netanyahu, exit polls show the Israeli leader has fallen short of securing a parliamentary majority with his hard-line...World Newsread more
President Donald Trump doesn't want war with Iran — but Tehran seems inclined to "test the Trump administration," says Gerald Feierstein, a former U.S. Ambassador to Yemen.Oilread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
AOL reported quarterly revenue above analysts' expectations, boosted by demand for its real-time bidding platform that helps advertisers place video and display ads on other digital properties.
"The strength that you see in these number are essentially our ability to grow very strong sets of supply across mobile, video, programmatic. And second of all you're seeing ad pricing going up," AOL CEO Tim Armstrong told CNBC's "Squawk Box." "We're doing a very good job navigating the platform shift in advertising from offline to online."
Advertising has become a major revenue stream for AOL as the company moves away from dial-up subscription serviced, helped by acquisition of automated advertising platforms such as Adap.tv.
Revenue in AOL's ad platform business rose 21 percent to $279.8 million, accounting for 45 percent of total revenue. Ad sales across AOL's brands grew 8 percent as a surge in search ads more than offset continued weakness in display ads.
AOL's content businesses include the Huffington Post news website and the TechCrunch blog.
Asked whether the Huffington Post was making a profit yet, Armstrong said the website is profitable in its core U.S. market and video content area, but the company is continuing to invest in international expansion.
"We're still in investing mode," he said, adding that the Huffington Post has grown its worldwide user base to about 220 million from 20 to 30 million when it purchased the news site in 2011.
AOL has been one of the fastest growing consumer properties among large Internet companies, which has allowed it to grow its advertising business and increase ad pricing fairly quickly, he said.
Shares of AOL were up more than 5 percent in premarket trading on Friday.
Total revenue rose 7.2 percent to $625.1 million, topping the average analyst estimate of $594.6 million.
Subscription revenue fell 6 percent to $141.6 million as the number of domestic subscribers fell 11 percent.
Net income attributable to AOL fell to $7 million, or 9 cents per share, in the first quarter ended March 31 from $9.3 million, or 11 cents per share, a year earlier. Excluding items, the company earned 34 cents per share.
Analysts on average had expected a profit of 32 cents per share, according to Thomson Reuters I/B/E/S.
—Reuters contributed to this report.
Disclaimer: AOL has a content and advertising partnership with Comcast, which owns NBCUniversal, the parent of CNBC and CNBC.com.