FriendFinder Networks Fourth Quarter 2011 Financials
- Wednesday, May 02 2012 @ 10:39 am
- Contributed by: Editor
- Views: 1,750
FriendFinder Networks (FFN) released their 4th quarter and year end results for 2011 last month. Revenue for the 4th quarter was $81.7 million. This was down compared to last year due largely to a decline in subscribers in the European market. Net loss for this quarter was $10.2 million. A large part of this net loss is due to stock compensation expense. In response to the loss FFN are taking measures to reduce yearly overhead by about $10 million.
For the year ending December 31, 2011 revenue for FriendFinder Networks was $331.3 million. This resulted in a net loss of $31.1 million. This net loss is the result of paying down their principal debt of $505 million.
Based on a number of initiatives for 2012 (including a launch of a new platform in quarter 2) FFN estimates it will generate additional revenue which will result in $340 to $350 million in revenue for 2012.
For more information on the 2011 Q4 financial report please read the news release. For more information on some of FFN dating sites you can read our review of FriendFinder and our review of Asia FriendFinder.
Related Story: FriendFinder Networks Third Quarter 2011 Financials
For the year ending December 31, 2011 revenue for FriendFinder Networks was $331.3 million. This resulted in a net loss of $31.1 million. This net loss is the result of paying down their principal debt of $505 million.
Based on a number of initiatives for 2012 (including a launch of a new platform in quarter 2) FFN estimates it will generate additional revenue which will result in $340 to $350 million in revenue for 2012.
For more information on the 2011 Q4 financial report please read the news release. For more information on some of FFN dating sites you can read our review of FriendFinder and our review of Asia FriendFinder.
Related Story: FriendFinder Networks Third Quarter 2011 Financials
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