PR NEWSWIRE – June 6 –
First Quarter 2011 Highlights
– Income from operations increased 52% YOY to $19.7M
– Adjusted EBITDA increased 33% YOY to $27.2M
- Net loss decreased from $0.60 per share in 2010 to $0.27 per share in 2011
– Raised $50M in gross proceeds from IPO
Q1 2011 Revenue was $83.5M, gross profit was $56.8M. On May 11, 2011, FriendFinder completed its IPO, and issued 5M shares of common stock at a price of $10.00 per share.
See full article at PR Newswire
I think that in stead of focusing on these great numbers we should start focusing on HOW they increased those sales?
Is it for example ok to cheat your clients into paying for the service sending them automated messages from great looking (although completely false off course) ladies?
The friendfinder network – together with B2 – are notorious for using these methods and they damage the industry as a whole in the process.
It is incredible and beyond my understanding how anyone can respect – and promote – the Friendfinder network and B2 (They got caught red handed using these schemes to steal money from their clients on several TV documentaries recently).
Why isn’t anyone focusing on this in order to clean up the industry?
I think that in stead of focusing on these great numbers we should start focusing on HOW they increased those sales?
Is it for example ok to cheat your clients into paying for the service sending them automated messages from great looking (although completely false off course) ladies?
The friendfinder network – together with B2 – are notorious for using these methods and they damage the industry as a whole in the process.
It is incredible and beyond my understanding how anyone can respect – and promote – the Friendfinder network and B2 (They got caught red handed using these schemes to steal money from their clients on several TV documentaries recently).
Why isn’t anyone focusing on this in order to clean up the industry?