Home > News > FriendFinder Networks Reports $49.4M Loss for 2012 • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

FriendFinder Networks Reports $49.4M Loss for 2012

FriendFinder Networks Reports $49.4M Loss for 2012
Get XBIZ News
Apr 1, 2013 3:45 PM PDT    Text size: 

SUNNYVALE, Calif. — FriendFinder Networks on Monday reported a net loss of $49.4 million after the company said it saw less revenue for four quarters ending Dec. 31.

FriendFinder has seen shrinking revenue figures as well as affiliate-based traffic since August after it eliminated about 5,000 co-branded white label sites. At the time, FriendFinder said it would be turning its attention back to its core business.  

The company said it is seeing the rosiest numbers with its live cam unit, which now accounts for about one-third of all revenue — $314.4 million in 2012 — after catapulting up 25 percent from last year's figures.

FriendFinder CEO Anthony Previte, in a statement after filing the 2012 annual report, said the live cam segment extended its streak of consecutive quarters of year-over-year revenue growth to 12 in the fourth quarter. 

FriendFinder also is banking on mobile devices to help drive in more revenue, Previte said, because more consumers are transacting on them.

Previte noted that more than 30 percent of FriendFinder Networks adult dating members and 20 percent of its live interactive members registered through mobile devices.

"As mobile increasingly represents a larger component of casual dating, we expect to continue to gain traction in this segment," Previte said.

FriendFinder Networks Inc. operates AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder. com, BigChurch.com and SeniorFriendFinder.com. FriendFinder Networks Inc. also owns Penthouse magazine and its video production line. It also engages in brand licensing.

   

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

OPINIONS & VIEWS

Focusing, Again, on Tradeshow Etiquette

I’m very excited to have been asked by XBIZ World to write the third part of my ongoing series of articles on tradeshow etiquette. In Part I of the series, I discussed business cards, substance... More »

Retail Sales Get Boost From Staff Morale Building

My job is, and always has been, to do what is asked of me to the best of my ability. I’ve worn many hats in this company, as it’s not only adult retail but adult nightlife as well. I’ve... More »

Looking Back at 2016’s Highlights

2016 was fraught with highs and lows. As an industry, we mourned the loss of friends and loved ones and welcomed new life into the world. With the presidential election behind us and California’s... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec

Everything To Do With Sex Show

Jan 27 - Jan 29
Halifax, Nova Scotia

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!