AOL Stock Is Going On A Tear Today

AOL stock is up 8% since the company reported its third quarter financial results this morning.

Here's why:

• The results beat expectations.
• The results marked three consecutive quarters of advertising revenue growth.
• AOL improved margins in its brand advertising business.
• Thanks to a recent $400 million acquisition, AOL is growing its business selling premium video ads for other publisher.
• Investors like that AOL is finally cutting costs at Patch.
• AOL's subscriber-base only shrank 7% during the quarter.