ASSOCIATED PRESS – Aug 16 – FriendFinder Networks' net loss widened in its first quarter as a publicly traded company. FriendFinder reported a Q2 loss of $11.9M, compared with a loss of $4.9M. Revenue dipped 1% to $83.4M as FriendFinder saw a decline in Internet revenue, which includes revenue from offerings such as websites and social networking.
Mark Brooks: A good business, gone bad? Or tough times for adult dating? A little of both. Andrew Conru managed FriendFinder like a sole proprietorship from 1996 to 2006 when it was sold to Penthouse in December 2007. It was his baby.
See news here.
Here's my interview with Andrew in 2006.
I still think they should sell off non-core businesses.
But as long as they look after affiliates, and continue to refine and retain members through the FriendFinder hub of dating sites, they'll do well. They should be doing better than any other dating site with the properties, momentum and potential that they have.
What happened to FFN’s!?
– They were purchased a few years ago for $400M.
– IPO was supposed to take place, from memory something in the region of $200-$240… but never happened.
– IPO finally took place May this year raising only $50M @ $10 per share, with prices dropping instantly.
Yesterday their stock dropped 16% after announcing losses, giving the company a market cap of only $94M. Which is nothing for the “giants” they’re supposed to be.
How long do you think it will take for them to turn it around, or will the whole thing collapse and be acquired by someone else before then?
What happened to FFN’s!?
– They were purchased a few years ago for $400M.
– IPO was supposed to take place, from memory something in the region of $200-$240… but never happened.
– IPO finally took place May this year raising only $50M @ $10 per share, with prices dropping instantly.
Yesterday their stock dropped 16% after announcing losses, giving the company a market cap of only $94M. Which is nothing for the “giants” they’re supposed to be.
How long do you think it will take for them to turn it around, or will the whole thing collapse and be acquired by someone else before then?
That is truly bad news for FFN. I can only guess that the probable reason for such loss is the $15M charges for the breach of contract.Also, less subscribers could also mean decline in profit. They should do something about it before they’ll find themselves in real trouble.
That is truly bad news for FFN. I can only guess that the probable reason for such loss is the $15M charges for the breach of contract.Also, less subscribers could also mean decline in profit. They should do something about it before they’ll find themselves in real trouble.
I do not see how friendfinder is in loss as internet is the most preferred way to find a date. At least this is what i will do meet my social needs. This is really not good for a reputated company like this. i hope that the company will recover from its loss soon.
I do not see how friendfinder is in loss as internet is the most preferred way to find a date. At least this is what i will do meet my social needs. This is really not good for a reputated company like this. i hope that the company will recover from its loss soon.
this is bad news for me. i am shoked how can this happened.now a days people are crazy about internet even kids are using internet and friendfinder is the best site to find friends and have a good date.i wish they will cover there loss soon.
this is bad news for me. i am shoked how can this happened.now a days people are crazy about internet even kids are using internet and friendfinder is the best site to find friends and have a good date.i wish they will cover there loss soon.
oh that nasty loss and loss every quarter. FriendFinder Networks need something to add up attention for more and more user getting subscribed.
I think Facebook may have affected it too, may i be wrong but Chance is there. Management need to revive it policy and bring new features.
oh that nasty loss and loss every quarter. FriendFinder Networks need something to add up attention for more and more user getting subscribed.
I think Facebook may have affected it too, may i be wrong but Chance is there. Management need to revive it policy and bring new features.
It is an Eye opener. The success does not depend upon by the titles and the affairs, but an efficient management. Watching at everystep and evaluating, capacity to forecast and adapt the methods which would lead to overcome and survive.
It is an Eye opener. The success does not depend upon by the titles and the affairs, but an efficient management. Watching at everystep and evaluating, capacity to forecast and adapt the methods which would lead to overcome and survive.
I think times are changing and becoming more and more demanding. Friendfinder has been in the internet business for quite some time now, and people are trying to look for something new. Adding to the decline of customers due to the rising number of competitors, it should come up with ways to be more innovative.
I think times are changing and becoming more and more demanding. Friendfinder has been in the internet business for quite some time now, and people are trying to look for something new. Adding to the decline of customers due to the rising number of competitors, it should come up with ways to be more innovative.
Oh My God! What happened to FriendFinder Network’s? I used FriendFinder Network’s for a long time until the day Facebook join this world…Anyway, hope they will be okie soon.
Oh My God! What happened to FriendFinder Network’s? I used FriendFinder Network’s for a long time until the day Facebook join this world…Anyway, hope they will be okie soon.
for dating friend finder site is the easy way, many of youngsters got registered in friend finder,already it got its hue response in form of registration to that site,i think it might be problem in their problem in . service
for dating friend finder site is the easy way, many of youngsters got registered in friend finder,already it got its hue response in form of registration to that site,i think it might be problem in their problem in . service