AOL Inc. recorded fourth quarter profit amidst the charges of declining internet subscription as was reported by Time Warner Inc.

AOL was spun off in December, almost 10 years after the infamous $106 billion merger, on the charges of loosing its internet customers.

Chairman and Chief Executive Tim Armstrong asserted "We have made significant progress in support of the long-term vision we see in the future of AOL, but today's results continue to reflect the need for our focus and execution on the work required in the turnaround of the company,".

AOL posted $1.4 million profit coming out of its loss of $1.96 billion.

Excluding the impacts of restructuring and write down, the earning of the company decreased to 71 cents per share from $1.58 consequently resulting in drop of 17 percent in the revenues to $809.7 million.

Almost $107 million were spent in the restructuring of the company.

Thomson Reuters forecasted the gain of 63 cents per share on revenue of $764 million.

On Tuesday, shares being in active in the market closed at $24.65.

Internet subscription revenue fell to 28 percent amounting to $307.4 million while advertising revenues slipped by 8 percent to $471.6 million.