Video-on-Demand Drives New Frontier’s Growth

BOULDER, Colo. — Video-on-demand again drives growth for New Frontier Media, the adult company said Tuesday in its second-quarter filing with the Securities and Exchange Commission.

The Boulder, Colo.-based adult media company said that its VOD service, branded as Ten On Demand, is now distributed to 14.2 million cable households, a 78 percent increase over the quarter a year ago, and 840,000 hotel rooms in the U.S.

Its pay TV division also experienced a 19 percent increase in its pay-per-view revenue year-over-year for the quarter. The increase is related to a hike in household distribution, as well as to a 13 percent increase in revenue from its largest customer, which it did not disclose in the filing.

New Frontier Media Inc., which owns The Erotic Networks including Pleasure and seven of its Ten-branded specialty channels, reported net revenue for the current quarter of $12 million compared to $10.9 million for the quarter a year ago, representing an increase of 10 percent.

The company reported earnings before interest, taxes, depreciation and amortization of $4.8 million for the quarter ended Sept. 30, compared to $3.7 million for the same quarter ending last year, representing an increase of 30 percent. Net income for the second quarter increased 11 percent to $3.1 million as compared to net income of $2.8 million for the same quarter a year ago.

“The video-on-demand business remains very strong for us,” CEO Michael Weiner said. “Additionally, during our second fiscal quarter we began to see the first launches of our pay-per-view and VOD services with our newest customers.”

But all was not rosy for the company’s Internet business.

New Frontier’s Ten.com streaming media division reported net revenue of $700,000 for the quarter, as compared to $800,000 for the same quarter ending last year, representing a decrease of 13 percent.

In trading on the Nasdaq, New Frontier stock was down in midday trading by 6.4 percent to $8.01 a share.

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Eva Maxim, Katrina Colt Headline 'Cumming to LA' From Cherry Kiss

Eva Maxim and Katrina Colt star with Vince Karter in 2021 XBIZ Europas Female Performer of the Year Cherry Kiss' "Cumming to L.A.," from Evil Angel.

AEBN Celebrates 25th Anniversary

The Adult Entertainment Broadcast Network (AEBN) is celebrating its 25th year in business this week.

Nebraska Legislature Passes Republican's Age Verification Bill With No Votes Against It

Nebraska’s unicameral legislature has passed the state’s version of the age verification bills being sponsored around the country by anti-porn religious conservative activists.

Performers in Meta Blacklisting Lawsuit Seek to Preserve Antitrust Claims

Adult Performance Artists Guild board officers Alana Evans, Kelly Pierce and Ruby have informed a California court that, although they want to drop their lawsuit claiming that Meta conspired with OnlyFans to blacklist rival premium fan platforms’ talent, they may still have antitrust claims that they may pursue in the future.

Skylar Snow Headlines 'Infidelity 4' From Sweet Sinner

Skylar Snow toplines "Infidelity 4," the latest release from Mile High Media studio brand Sweet Sinner.

Serenity Cox Stars in 'Enjoy It' From MILFY

Serenity Cox stars with Alberto Blanco in "Enjoy It," from Vixen Media Group studio imprint MILFY.

Melissa Stratton Stars in Finale of Wicked's 'So Extra'

Melissa Stratton and Robby Apples star in the final scene from Wicked Pictures' "So Extra."

BiPhoria Drops Jim Powers' 'Saying GoodBi'

BiPhoria has released director Jim Powers' "Saying GoodBi."

FSC, Co-Plaintiffs to Ask US Supreme Court to Review Constitutionality of Texas Age Verification Law

Free Speech Coalition (FSC) and its co-plaintiffs in the challenge to Texas’ controversial age verification law have filed a petition before the United States Court of Appeals for the 5th Circuit asking to stay its recent upholding the law because they intend to appeal to the U.S. Supreme Court to review the law’s constitutionality.

Jade Venus, Kasey Kei Star in 'Trans Rave' From GenderX

Jade Venus and Kasey Kei star in "Trans Rave" from GenderX, directed by Jim Powers.

Show More