AOL LatAm beats expectations, grows subscriber base

America Online Latin America Inc. (AOLA) soundly beat analysts’ expectations when it posted a pro-forma loss of US$101.8 million, or $0.35 per share, for the quarter ending Dec. 31, 2000, the company announced on Wednesday. Four analysts polled by First Call/Thomson Financial had predicted a mean loss per share of $0.42.

This compares with a pro-forma net loss of $98.1 million, or $0.36 per share, in the previous quarter, which ended Sept. 30, 2000. AOL Latin America launched its first proprietary online service in November 1999 and thus still doesn’t provide comparisons with year-ago quarters, the company said.

AOL Latin America also grew the subscriber base to its proprietary online service to about 550,000. This includes members in Brazil, Argentina, M