FriendFinder Networks Information, Statistics, Facts and History

Facts Summary for FriendFinder Networks

FriendFinder Networks Logo
Headquarters:
Boca Raton, Florida, United States
Business Started:
1996
Brands & Partnerships:
FriendFinder.com, Asian FriendFinder, Adult FriendFinder, Alt.com, 27 in total (2007)
Employees:
154 [2018 #2]
Main Service Areas:
United States, Canada, United Kingdom, Australia, International
Service Available Via:
Website, iOS and Android (may not be available for all brands)
Number of Paying Members:
884,000 members [2012 #2]

FriendFinder Networks History Summary

Friend Finder Networks (FFN) was originally named Various, Inc. and was founded in 1996 by Andrew Conru. The company primarily deals in adult entertainment, online dating, and other social networking services. Its original flagship online dating service was FriendFinder but within months quickly included various spin-off services targeting different territories and niche categories, such as Asia FriendFinder, the South America-focused Amigos.com, and Christian dating website BigChurch. Early on FFN discovered that adult oriented sites that dealt with hookups, alternative lifestyles, and adult webcams was the most profitable. Services like Adult FriendFinder and Alt.com continue to this day to be FFN main source of revenue.

In 2007, the company Various was acquired by the owners of Penthouse magazine, and adopted its current name Friend Finder Networks. Issues with debt from bad business decisions caused FFN in 2016 to sell the Penthouse brand.

In 2008, FFN filed for a $460 million initial public offering. In August 2013, FriendFinder Networks was delisted from the NASDAQ due to its stock trading below the $1 mark. On September 16, 2013, the company filed for Chapter 11 bankruptcy protection. Since then FriendFinder Networks has reorganization and founder Andrew Conru, was once again named the company's chairman and CEO. All indications suggest that FriendFinder is now profitable but still has millions of dollars of debt on their books.

FriendFinder Networks Facts By Year

2023

  • General Information
    • Adult FriendFinder is the recipient of the 2023 Dating Sites Reviews Editor's Top Pick Hookup Award. [1]

References

  1. Summary of the 2023 Dating Sites Reviews Choice Awards

2022

  • General Information
    • Adult FriendFinder is the recipient of the 2022 Dating Sites Reviews Editor's Top Pick Hookup Award. [1]

References

  1. 2022 Dating Sites Reviews Choice Awards - Hookup

2021

  • General Information
    • Adult FriendFinder is the recipient of the 2021 Dating Sites Reviews Editor's Top Pick Hookup Award. [1]

References

  1. 2021 Dating Sites Reviews Choice Awards - Hookup

2020

  • General Information
    • Adult FriendFinder is the recipient of the 2020 Dating Sites Reviews Editor's Top Pick Hookup Award. [1]

References

  1. 2020 Dating Sites Reviews Choice Awards - Hookup

2019

  • General Information
    • Adult FriendFinder is the recipient of the 2019 Dating Sites Reviews Editor's Top Pick Sexy Award. [1]

References

  1. 2019 Dating Sites Reviews Choice Awards - Sexy

2018

  • General Information
    • Adult FriendFinder is the recipient of the 2018 Dating Sites Reviews Editor's Top Pick Sexy Award. [1]
    • According to LinkedIn, the Friendfinder Networks has 154 employees. This has decreased by 7% in the last 2 years (and by 50% since 2010). [2]

References

  1. 2018 Dating Sites Reviews Choice Awards - Sexy
  2. Growth Industry Or Past Its Prime? A Two-Year Review Of Online Dating’s Hirings And Firings

2017

  • General Information
    • Adult FriendFinder is the recipient of the 2016 Dating Sites Reviews Editor's Top Pick Sexy Award. [1]

References

  1. 2016 Dating Sites Reviews Choice Awards - Sexy

2016

  • General Information
    • Passion.com is the recipient of the 2015 Dating Sites Reviews Editor's Top Pick Sexy Award. [1]
    • Adult FriendFinder was hacked. This effected 412 million user accounts. [2]

References

  1. 2015 Dating Sites Reviews Choice Awards - Sexy
  2. Adult FriendFinder Hack Exposes 412 Million User Accounts

2015

  • General Information
    • Passion.com is the recipient of the 2014 Dating Sites Reviews Editor's Top Pick Sexy Award. [1]
    • PerfectMatch.com closes after being owned by the FriendFinder Network since 2011. [2]

References

  1. 2014 Dating Sites Reviews Choice Awards - Sexy
  2. PerfectMatch.com Closes

2014

  • General Information
    • The recipient of the 2013 Editor's Top Pick - Sexy Award goes to Passion.com. [1]

References

  1. 2014 Dating Sites Reviews Choice Awards - Sexy

2013

  • General Information
    • Passion.com is the recipient of the 2012 Editor's Top Pick - Sexy Award. [1]

References

  1. 2012 Dating Sites Reviews Choice Awards - Sexy

2012

  • General Information
    • FriendFinder Networks plans to launch a new platform for their dating sites in the second quarter of 2012. [1]
    • JigoCity closed except for in Taiwan. [2]
  • Finances
    • For 2011 FriendFinder Networks generated $331.3 million in revenue and had a net loss of $31.1 million. [1]
    • For 2012 FriendFinder Networks expects to generate between $340 and $350 million in revenue. [1]
    • FriendFinder Networks had $81.7 million in revenue and a net loss of $10.2 million for quarter 4 2011. [1]
    • FriendFinder Networks had $81.1 million in net revenue and a net loss of $21 million for quarter 1 2012. [2]
  • Members
    • For quarter 1 FriendFinder Networks ended with a total of 10.5 million new members and 884 thousand subscribers. [2]

References

  1. FriendFinder Networks Fourth Quarter 2011 Financials
  2. FriendFinder Networks First Quarter 2012 Financials

2011

  • General Information
    • FriendFinder Networks owns 30,000 sites and have had more than 405 million registrants. [1]
    • When you combine the traffic from all their sites they have more unquie visitors than MySpace or Twitter. [1]
    • Acquired Perfectmatch.com for an undisclosed amount. [5]
    • Acquires the online local deal site JigoCity. [6]
  • Finances
    • For 2009 FriendFinder Networks generated $330 million in revenue and $103 million in earnings. [1]
    • For 2010 FriendFinder Networks expects to generate $350 million in revenue and $105 million in earnings. [1]
    • FriendFinder Networks plans to re-launch the proposed initial public offering. [2]
    • FriendFinder Networks IPO launched May 11, 2011 and expects to generate $50 million from selling 5 million shares at $10 a piece. [3]
    • FriendFinder Networks had $83.5 million in revenue for quarter 1 2011. They also reported a net loss of $3.7 million for the same period. [4]
    • FriendFinder Networks had $58.3 million in gross profit for quarter 2 2011 and a net loss of $11.9 million. [7]
    • FriendFinder Networks had $82.7 million in revenue for quarter 3 2011 and a net loss of $5.4 million. [8]

References

  1. In 2010 FriendFinder Networks expects $350 Million in Revenue
  2. FriendFinder Networks Plans To Revisit Public Offering
  3. FriendFinder Networks Expects $50 Million from IPO
  4. FriendFinder Networks First Quarter 2011 Financials
  5. FriendFinder Networks Acquires Perfectmatch.com
  6. FriendFinder Networks Acquires JigoCity
  7. FriendFinder Networks Second Quarter 2011 Financials
  8. FriendFinder Networks Third Quarter 2011 Financials

2010

  • General Information
    • FriendFinder Networks delays their IPO indefinitely, citing market conditions as the reason. [1]
    • FriendFinder Networks offers $210 million for Playboy Enterprises. [2]
    • FriendFinder Networks raises $551 million in debt financing. [3]

References

  1. FriendFinder IPO Delayed Indefinitely
  2. FriendFinder Networks Makes Offer for Playboy
  3. FriendFinder Networks has Raised $551 Million in Financing

2009

  • General Information
    • Friendfinder Networks expects to complete the IPO rocess by 2010 and to list its common stock on the New York Stock Exchange under the symbol "FFN". [2]
  • Finances
    • First 9 months of 2008 saw $243 million in revenue but with a net loss of $32 million. [1]
    • FriendFinder has over 110,000 Marketing Affiliates which resulted in revenues of $107 Million. [1]
  • Members
    • First 9 months of 2008 saw a total of 1,025,099 paying subscribers. [1]

References

  1. FriendFinder Networks Financials
  2. FriendFinder to Complete IPO by Year End

2008

  • General Information
    • Adult FriendFinder is in the top 100 of the most visited websites in North America. [1]
    • December 23, 2008 - FriendFinder Networks filed for a $460 million IPO. [2]

References

  1. Confirmed, FriendFinder Network Sold!
  2. FriendFinder Networks Files for IPO

2007

  • General Information
    • In December FriendFinder Network was sold for $500 million to Penthouse Magazine. [2]
  • Finances
    • $200 million in annual revenue. [1]
    • Adult FriendFinder accounts for 60% of revenue. [1]
  • Members
    • Since the beginning there has been over 260 million members in all 27 dating sites. [2]
    • Currently have 1.2 million paying subscribers. [2]

2006

  • General Information
    • Owns 27 sites under an umbrella company called Various Inc. [1]
    • 450 Employees. [1]

References

  1. Article on CNNMoney about FriendFinder.com Founder Andrew Conru
  2. Confirmed, FriendFinder Network Sold!

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Last Updated: Wednesday, February 22 2023 @ 03:20 pm| Hits: 34,497 View Printable Version