May Historic Month for Patch
Online local news platform reaches record number of readers, advertising.
Thanks, Northern Virginia! You helped contribute to Patch's best month ever.
Patch, AOL’s local news, information and engagement platform, announced Monday that May was the most successful traffic and revenue period in the company’s history. Patch served a record 11.7 million users in May according to comScore, which represents a 14-percent increase over April (10.3 million users) and an 11-percent increase over its previous traffic record (10.6 million users in August 2011).
- This 14 percent month-over-month growth outpaced the comScore Local/Regional category as a whole, which grew only 3 percent over the same time period.
- Patch had a 12-percent increase in engagement (visits per unique visitor) from April to May. Within the top 10 local-regional properties, this represents the highest increase in engagement month over month, and ranks Patch as the second-highest in engagement among those properties.
- With an average site age of just over 18 months, Patch is now the No. 5 local/regional property on the Web, up from No. 10 when it first entered the rankings in December 2010.
- Patch’s total revenue was 14 percent higher than its previous record (November 2011). This represents a 17-percent bump in revenue over April 2012. So far this year, Patch has already booked 130 percent of its total 2011 revenue.
“We are extremely gratified to see these measures of the traction we have gained in our communities and in our business since our launch just over 3 years ago,” Patch CEO Jon Brod stated in a news release.
“We are laser-focused on continuing to serve our users and advertisers with high-quality content and impactful products, and building upon our success to date in innovative and engaging ways.”
The news of Patch’s May performance follows the recent announcement by AOL Chairman and CEO Tim Armstrong that Patch will generate between $40 million and $50 million in revenue this year. Patch also recently announced the launch of Patch Partners, a program to offer exclusive benefits to its local advertisers and resources for business owners at large.