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.
