"It is an honor for MyFreeCams.com to win such an important award in our industry," said Leo, president of MyFreeCams.com.
"Most of the credit should go to our models who have made MyFreeCams.com what it is today."
Many of the adult stars attending the 2011 XBIZ Awards show frequently appear on MyFreeCams.com.
MyFreeCams.com was also the exclusive diamond sponsor of the XBIZ 2011 Awards show held at the Palladium in Los Angeles.
"XBIZ put together an amazing event," Leo said. "The energy at the Palladium was awesome. We couldn't be happier."
MyFreeCams.com has more than 100,000 models and more than 5 million members.