(Reuters) - AOL Inc reported better-than-expected revenue and profit although a decline in premium ad sales in the United States and subscriptions dragged total revenue down.
The company reported on Wednesday that first-quarter revenue fell 4 percent to $529.4 million, beating analysts' average forecast of $526.5 million.
Total advertising revenue grew 5 percent due to third-party network ads and international growth. But display ads -- big splashy units on Web pages that command high prices -- hit a hurdle in the United States. Domestic display advertising declined 1 percent.
Subscription revenue fell 15 percent.
Net income rose to $21 million, or 22 cents per share, from $4.7 million, or 4 cents per share, a year earlier.
(Reporting By Jennifer Saba; editing by John Wallace and Maureen Bavdek)
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