FriendFinder Networks First Quarter 2012 Financials
- Thursday, May 17 2012 @ 01:37 pm
- Contributed by: Editor
- Views: 1,736
FriendFinder Networks just released their first quarter 2012 financial results. For the first 3 months of 2012 (ended March 31) FriendFinder earned $81.1 million in net revenue. This is a slight decrease when compared to the same time last year due to a decrease in overall traffic. From this quarter, FFN continued operations experienced a net loss of $13.4 million and from discontinued opertations a net loss of $8.1 million (closing of JigoCity) which is a total of almost $21 million.
As of March 31, 2012 FriendFinder Networks had a total of 9.5 million new members of their adult websites and just over 1 million new members of their general audience websites. This is about a 12 percent drop when compared to the same period last year. Conversion of members to subscribers is up though. For adult sites it is 4.6 percent (was 4.2) and for general audience sites it is 2.3 percent (was 1.3). This gave FFN a total of 840,984 subscribers to their adult services and 43,275 subscribers for their general services. On average FriendFinder Networks experiences about a 17 percent churn rate of their members during the first quarter of 2012.
For more information on the 2012 Q1 financial report please read the news release. For more information on some of FFN dating sites you can read our review of Asia FriendFinder and our review of FriendFinder.
Related Story: FriendFinder Networks Fourth Quarter 2011 Financials
As of March 31, 2012 FriendFinder Networks had a total of 9.5 million new members of their adult websites and just over 1 million new members of their general audience websites. This is about a 12 percent drop when compared to the same period last year. Conversion of members to subscribers is up though. For adult sites it is 4.6 percent (was 4.2) and for general audience sites it is 2.3 percent (was 1.3). This gave FFN a total of 840,984 subscribers to their adult services and 43,275 subscribers for their general services. On average FriendFinder Networks experiences about a 17 percent churn rate of their members during the first quarter of 2012.
For more information on the 2012 Q1 financial report please read the news release. For more information on some of FFN dating sites you can read our review of Asia FriendFinder and our review of FriendFinder.
Related Story: FriendFinder Networks Fourth Quarter 2011 Financials
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