Amid the hodgepodge of Verizon Media assets that Apollo Global Management is buying from Verizon — Yahoo Finance, TechCrunch, advertising technology, Yahoo Fantasy — there’s one cash flow stream that will not die: AOL. From a report: The famed internet company that once bought Time Warner for $182 billion and used to make billions of dollars annually selling dial-up modem access, still has a monthly subscription service called AOL Advantage. In 2015, 2.1 million people were still using AOL’s dial-up service. That revenue stream has dried up. The number of dial-up users is now “in the low thousands,” according to a person familiar with the matter.
But AOL still has a fairly lucrative base of customers who pay for technical support and identity theft services each month. There are about 1.5 million monthly customers paying $9.99 or $14.99 per month for AOL Advantage, said another person, who asked not to be named because the information is private. If average revenue per user is $10 per month, conservatively, that’s $180 million of annual revenue.