FriendFinder Sees Slip in Revenue in 1st Quarter

SUNNYVALE, Calif. — FriendFinder Networks Inc. reported revenue slipping to $81.1 million in the first quarter of the year, down $2.4 million from the same time last year.

But the adult social networking company, which also owns the Penthouse empire, said some key sectors of its business are seeing improved numbers, including live chat which saw revenue increasing 14.1 percent from last year's first quarter.

The company also saw new adult website subscriptions rising 2.5 percent over the past year and 12.6 percent increase from the previous quarter.

Current FriendFinder Networks CEO Marc Bell said he's optimistic about the company's long-term prospects with publication of the company's first quarter earnings statement, which showed figures through March 31 (Anthony Previte, current company president and COO, will transition to the CEO role effective July 1).

"Our current efforts are focused on building brand equity, subscriber retention and acquiring new subscribers to FriendFinder Networks," Bell said. "To support these initiatives and to position FriendFinder Networks for growth, we have increased our customer acquisition costs in a meaningful way."

The Sunnyvale, Calif., company reported less gross profit ($48.5 million) in the quarter after it increased affiliate spending.

"Put into action in January, I am pleased to report that these actions resulted in an increase in new adult subscribers for the first time in six quarters. Additionally, conversion rates increased marginally year over year for both our adult and general audience websites, a trend we expect to continue throughout the year."

FriendFinder Networks said the decline in first-quarter revenue was due to a decrease in overall traffic and "challenges" in Europe which offset the impact of new subscriber growth. The company reported a first-quarter net loss of $21.5 million, wider than the net loss of $3.7 million in the same period last year.  

The company said it continues to work with debt holders on some lien notes. As of March 31, the company had outstanding principal debt of $497.7 million.

FriendFinder Networks operates AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com, among others. FriendFinder Networks also produces and distributes original video content and engages in brand licensing. Previte, in a conference call, said that the company plans on relaunching AsianFriendFinder.com in the second quarter.

FriendFinder Networks, which trades publicly on the Nasdaq, was down seven cents to $1 a share. The company had its initial public offering last May at $10 a share.

Related:  

Copyright © 2025 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

FSC: California's Device-Based AV Law Does Not Apply to Adult

The Free Speech Coalition (FSC) put out an advisory today explaining that California's new device-based age verification law does not apply to adult websites.

Reena Sky Launches New Paysite

Reena Sky has launched her new official paysite, ILoveReenaSky.com.

NextGen Payment Joins ASACP as Corporate Sponsor

NextGen Payment has signed on as the latest corporate sponsor for the Association of Sites Advocating Child Protection (ASACP).

Lauren Phillips, Derek Kage Cap AEBN's Top Stars for 3rd Quarter of 2025

AEBN has revealed its most popular performers in straight and gay theaters for the third quarter of 2025.

XBIZ 2026 Conference to Debut All-New Company Lounges, Community Track

The event website for XBIZ 2026 is now live, unveiling details for North America’s largest adult industry conference, including two all-new show features: Company Lounges and a Community Track.

Mymember.site Integrates VR Functionality

Mymember.site has added virtual reality playback capability to its website management platform.

Texas Patti to Launch Fetish Platform 'EmpireDom'

Performer and content creator Texas Patti is launching a new platform for doms and fetish creators, EmpireDom.com.

Ohio AG Threatens Action Against 'Major' Adult Sites Over AV Law

Ohio Attorney General Dave Yost announced today that his office is sending "notice of violation" letters to 19 adult websites for failure to comply with the state's recently enacted age verification law.

Chaturbate Announces 2025 Music Contest Winners

Chaturbate has revealed the winners of its 2025 music competition.

2026 XBIZ Exec Awards Pre-Noms Open With Debut of New 'Impact' Honors

XBIZ is pleased to announce that the pre-nomination period for the 2026 XBIZ Exec Awards, the adult industry’s premier career honor, begins today and runs through Oct. 14.

Show More