Publish date:

AOL Says Members Accounted for 70% of Online Holiday Spending

Author:

America Online

(AOL)

reported that its subscribers spent $4.6 billion online during this year's holiday season, accounting for about 70% of analysts' estimates of all consumer online spending for the holiday retail season.

AOL said its members spent $20 billion for the entire year, which was double the amount spent last year.

TheStreet Recommends

Separately, the company said its flagship AOL service broke its single-day record for membership growth, gaining more than 70,000 new subscribers worldwide on Dec. 25.

Shares of AOL lately lost $1.65, or 4.7%, to $33.15 in composite trading on the

New York Stock Exchange

.