The Register: AOL UK in profit

AOL Europe - made up primarily of the UK, France and Germany - is expected to generate around $1.2bn in revenues this year - almost double what it made two years ago.

AOL UK's slice of that revenue runs in at 42 per cent, which gives the ISP annual revenues of around $500m (£320m).

The presentation also revealed that advertising revenues made up less than 10 per cent of AOL Europe's revenue.