Best Buy said the TV softness was partially offset by a low double-digit comp stores increase in mobile phones, and a mid-single digit increase in mobile computing, as tablet computer sales were strong.

FORBES: Best Buy Plays Grinch: Offer Grim Holiday Sales Outlook

The company noted that ad growth was driven by double-digit growth in the third party network and growth in global display revenue, partially offset by declines in search and contextual revenue.

FORBES: AOL Q1 Tops Estimates