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Last year, the company had $2.7 billion in advertising and commerce revenue.
Vocabulary: sleek, contemporary, commerce, revenue, fiscal, mezzanine, retailer, tenure, supplicants Extension Activities: 1.
Mr. Miller said that its advertising and commerce revenue would continue to decline as its long-term contracts expire.
Subscriber growth has slowed by some measures, and the unit's advertising and electronic commerce revenue has not met expectations.
"Our company is both old media and new media, supported by advertising revenue, subscription revenue, and pure commerce revenue," Mr. Diller said.
Similarly, it said America Online's advertising and commerce revenue for this year were on track to be $1.7 billion, $100 million, or 6percentt, below its earlier projection.
Similar(36)
Many times he cautioned investors against being too optimistic about e-commerce revenue forecasts.
Of course, Microsoft's biggest rival for online services, Web advertising and e-commerce revenue is AOL's parent, AOL Time Warner.
AOL's advertising and electronic-commerce revenue rose 37percentt in the first quarter and is still strong, he said.
According to a recent Jupiter report, such fears accounted for $8 billion this year in forgone e-commerce revenue.
Last year, European e-commerce revenue was $5.4 billion, roughly a sixth of what it was in the United States.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com