Porn News

Shares Plunge on FriendFinder After Second Quarter Report

from www.fool.com – What: Shares of adult website operator FriendFinder Networks were losing stock market friends today as investors knocked shares down as much as 18% in intraday trading after the company reported disappointing second-quarter results.

So what: It’s a pretty simple story here. Investors were expecting one thing from the company’s second-quarter financials, and what the company delivered was decidedly worse. On the top line, quarterly revenue declined 1.4% from last year to $83.4 million. Net income was blasted into the red by debt-extinguishment costs and a legal settlement. Even backing out those charges though, it’s likely that FriendFinder still would have reported a loss. Wall Street was expecting $0.14 in (positive!) per-share earnings on $87 million in revenue.

Now what: Though the results of the company’s Internet division fell from last year, it appears to be a profitable, attractive business line. However, combine that with high overhead costs and a very hefty debt load and we’re left with a company that I would rather not be pals with.

153 Views

Related Posts

Zariah Aura Headlines ‘My Best Friend’s TS Sister 2’ From TransSensual

MONTREAL — Zariah Aura stars with Haven Rose and Itzel Saenz in "My Best Friend's TS Sistser 2," from Mile High Media studio brand TransSensual. The title also features Cliff Jensen, Joel Someone and Rodrigo Amor. "With a brand-new cast…

Dorcel Releases Liselle Bailey’s ‘Room 212’

European label Dorcel has released "Room 212," the latest story-driven couples feature from acclaimed director Liselle Bailey.

The Continuous Journey of Legal Compliance in Adult

The adult entertainment industry is teeming with opportunity but is also fraught with challenges, from anticipating consumer behavior to keeping up with technological innovation. The most labyrinthine of all challenges, however, is the world of legal compliance. Legal compliance in…

LucidFlix Debuts Siren Obscura Collab ‘Enigma’

Actor/director Seth Gamble has announced the release of "After Hours," the first scene of "Enigma," his inaugural collaboration with Los Angeles-based director, cinematographer and editor Siren Obscura.

What Pleasure Brands Need to Know About Celebrity Endorsements

The right celebrity endorsement could skyrocket your brand into profitable relevance. The wrong one could send your brand crashing down into obscurity. While the allure of celebrity endorsements is obvious, less obvious are the risks that come with handing over…

Leave a Reply

Your email address will not be published.