FFN (Adult Friend Finder / Penthouse) Q2 Results Are In...

[AsianDivaGirlsWebDude]

Why is this man smiling?

[IMG]http://www.********.com/images/news/50138-1.jpg[/IMG]

Despite Marc Bell's best attempt to smear lipstick on his cash bleeding FFN AFF/Penthouse pig, the facts do not appear pretty (unless perhaps one is personally profiting by raiding the corporate coffers as the boat goes down and before abandoning ship):

SUNNYVALE, Calif. (AP) -- FriendFinder Networks Inc., which operates adult websites and publishes Penthouse magazine, said Monday that its net loss widened in its first quarter as a publicly traded company.

FriendFinder reported a second-quarter loss of $11.9 million, or 55 cents per share, compared with a loss of $4.9 million, or 36 cents per share, a year ago. In the second quarter of 2010, the company's per-share results were calculated using a much smaller number of shares.

The company's results included $7.3 million in costs related to paying back debt early using proceeds from its initial public offering of stock in May. It also took $5 million in charges for a $15 million settlement of a breach of contract lawsuit filed by Broadstream Capital Partners Inc. FriendFinder is making the payment in three installments through Jan. 2.

Revenue dipped 1 percent to $83.4 million as FriendFinder saw a decline in Internet revenue, which includes revenue from offerings such as websites and social networking.

FriendFinder's average revenue per subscriber rose 5 percent to $20.48 in the April-June quarter compared with a year ago.

The company said its subscribers totaled 911,560, on average, during the quarter, down 11 percent from a year ago.

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[JFK]

FriendFinder's average revenue per subscriber rose 5 percent to $20.48 in the April-June quarter compared with a year ago.

[AsianDivaGirlsWebDude]

Originally Posted by JFK

FriendFinder's average revenue per subscriber rose 5 percent to $20.48 in the April-June quarter compared with a year ago.

Reminds me that I need to watch Life of Brian again...



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[Mr Pheer]

Originally Posted by JFK

FriendFinder's average revenue per subscriber rose 5 percent to $20.48 in the April-June quarter compared with a year ago.

Multiplied by 911,560

[lazycash]

Originally Posted by JFK

FriendFinder's average revenue per subscriber rose 5 percent to $20.48 in the April-June quarter compared with a year ago.

Yeah, but that doesn't mean as much when the number of subscribers falls 11%.

"The company said its subscribers totaled 911,560, on average, during the quarter, down 11 percent from a year ago."

[JFK]

Originally Posted by AsianDivaGirlsWebDude

Reminds me that I need to watch Life of Brian again...



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THANKS, I loved that movie

[jigg]

those PPS promos are dinging the profits

[Ethersync]

Anyone find the complete filing? Would be interesting to know how their cam sales are doing.

[AsianDivaGirlsWebDude]

You can look up detailed info on FFN filings using EDGAR or other online resources, or someone from FFN could provide the info...here is one place you can start:

http://finance.yahoo.com/q?s=FFN

More FFN stock news from this morning:

FORBES: FriendFinder Losing Friends As Q2 Results Miss Estimates

FriendFinder Networks shares are taking a beating this morning after the operator of online dating sites posted disappointing results for the second quarter.

For Q2, the company, which also publishes Penthouse magazine, posted revenue of $83.37 million and a loss of $11.9 million, or 55 cents a share, including a $7.3 million loss on the early extinguishment of debt and $5 million related to the settlement of a legal case. The Street consensus (based on just two analysts) had been for $87.1 million and a profit of 14 cents a share. Revenue was down slightly from $84.6 million a year ago.

FFN is down 55 cents, or 13.8%, to $3.45.

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