Patch revenue | Street Fight

Patch Misses 2012 Revenue Target

Steven Jacobs

Patch Misses 2012 Revenue Target

AOL’s network of hyperlocal sites missed the $40 million to $50 million revenue target that the company had set for last year, a miss that CEO Tim Armstrong attributed to disruption from superstorm Sandy in the fourth quarter during a Friday earnings call. The company remains committed to achieving run-rate profitability for Patch by the end of this year…