Private Media Reports 24 Percent Rise in Net Income

BARCELONA, Spain — Adult entertainment company Private Media Group released its 3rd quarter results today, reporting a 24 percent rise in net income for the same period last year, bringing in $1.4 million for the quarter ending Sept. 30.

Private Media CEO Berth Milton Jr. attributed much of the company’s growth to exploitation of its new media sales and distribution division. The unit, which includes mobile, Internet and broadcasting operations, saw a 126 percent spike in sales.

"We're thrilled with the growth of our new media business, and we are extremely pleased that the strategy which we've embarked upon since I returned as CEO is paying off,” Milton said. “Looking ahead, our aggressive approach to the exploding Internet Protocol TV-driven, video-on-demand market in Europe and Asia looks very promising, and we see the overall new media platforms significantly outperforming traditional linear low-margin broadcasting. Going forward, we expect these high-margin platforms to become dominant contributors to operating profit in our overall business model."

Private Media CFO Johan Gillborg said the quarterly results are part of a growth trend that began earlier in the year, with sales for mobile and Internet climbing a combined 77 percent for all three quarters in 2006.

“We expect aggressive growth in this area going forward, and subsequently it will significantly affect the overall growth and operating profit of the company's business,” he said. “Traffic to our Internet sites has been growing steadily during the last 12 months, and in the third quarter we experienced a new record of 2.8 million unique visits. As of Sept. 30 Private's mobile content was available to over 500 million handsets via 59 operators in 28 countries, of which 33 operators went live since September 2005.”

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

Taylor Nicole Launches New Site Through YourPaysitePartner

Creator Taylor Nicole has launched her new official website through YourPaysitePartner (YPP).

Adult Networking Platform SpicyGigs.com Launches

SpicyGigs, a new adult industry networking platform, has officially launched.

Pineapple Support to Host 'Cream Pie Challenge' Fundraiser

Pineapple Support is hosting its Cream Pie Challenge through August to raise funds for mental health services for industry performers.

Kyrgyzstan President Signs Measure Outlawing Internet Porn

President Sadyr Japarov of Kyrgyzstan on Tuesday signed into law legislation outlawing online adult content in the country.

NC Legislature Overrides Veto of Extreme Anti-Adult Industry Bill

The North Carolina state legislature on Tuesday voted to override Gov. Josh Stein’s veto of a bill imposing regulations that industry observers have warned could push adult websites and platforms to ban most creators and content.

Report: VPN Downloads Soar in UK Following Age Verification Deadline

Virtual private network apps, which can be used to circumvent geo-specific age verification requirements, are topping Apple App Store downloads in the U.K. in the wake of new Online Safety Act rules, the BBC is reporting.

Strike 3 Holdings Sues Meta for Pirating Vixen Media Group Content to Train AI

Vixen Media Group owner Strike 3 Holdings filed suit in federal court this week, accusing Facebook parent company Meta of copyright infringement and alleging that Meta has extensively pirated VMG content to train its artificial intelligence models.

Pineapple Support, Streamate to Host 'Navigating Grief and Loss' Support Group

Pineapple Support and Streamate are hosting a free online support group to help performers cope with grief and loss.

Friday is Final AV Compliance Deadline in UK

Friday, July 25 marks U.K. media regulator Ofcom’s deadline for user-to-user services such as tube, cam and fan sites to implement its requisite “highly effective age assurance” measures for preventing minors from viewing adult content.

AEBN Publishes Popular Searches for May, June

AEBN has released the top search terms for the months of May and June from its straight and gay theaters in all 50 states and the District of Columbia.

Show More