Revenue at porn billing firm just keeps rising, to $585,000 a day!!
 

You can never say there's no money in porn. Told you guys there's money in porn I'm living proof and so are these guys!

"MG Billing Ireland Ltd, a subsidiary of Mindgeek, a Canadian firm that counts Pornhub, Youporn, Redtube and tube8 among its porn sites, clocked up average daily revenues of $585,000 each day in 2015 and 2014."

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https://www.thetimes.co.uk/article/r...sing-gw85sgnmh

A firm based in Dublin which collects subscriptions from users of a global porn empire clocked up revenues of $427.17 million over two years.

MG Billing Ireland Ltd, a subsidiary of Mindgeek, a Canadian firm that counts Pornhub, Youporn, Redtube and tube8 among its porn sites, clocked up average daily revenues of $585,000 each day in 2015 and 2014.

New accounts showed that pre-tax profits increased by 8.5 per cent to $3.39 million in 2015. Revenues jumped by 20 per cent from $193.38 million in 2014 to $233.79 million in 2015.

The company directors said they considered the result for the year to be satisfactory. They said that the firm will continue to manage these revenues and the costs for other operating companies within the group.

The accounts show that in spite of the large revenues generated in 2015, the amount in corporation tax paid by the firm was only $145,301. This was a result of the combatively low profits that arose from high cost of sales.

The accounts disclosed that in February the firm relocated its control management away from Ireland.

Here's another article....

"Another Mindgeek subsidiary to also file new accounts in recent days is MG Content RT Ltd which operates Mindgeek's Redtube porn site.
The company recorded revenues of $27m in 2015 and recorded a pre-tax loss of $7.37m."

Irish arm of global pornography website empire has ?357m of revenue

MG Billing Ireland Ltd is a subsidiary of Canadian firm Mindgeek that counts Pornhub, Youporn, Redtube and tube8 as some of its porn sites and clocked up average revenues of $585,000 each day in 2015 and 2014.
Mindgeek also operates gay sites including Sean Cody, Bromo and Reality Dudes.

New accounts for the Mindgeek billing company, MG Billing Ireland Ltd, show that pre-tax profits increased by 8.5pc to $3.389m in 2015. Revenues jumped from $193.38m in 2014 to $233.79m in 2015.
The principal activity of MG Billing is the resale of membership subscriptions for certain websites operated by companies under common control.

MG Billing Ireland was one of a network of Mindgeek firms to set up here in 2013. The other companies are involved in operating websites and app sales.

However, the MG Billing Ireland Ltd accounts disclose that in February of this year, the firm relocated its control management and control functions from Ireland.

Another Mindgeek subsidiary to also file new accounts in recent days is MG Content RT Ltd which operates Mindgeek's Redtube porn site.
The company recorded revenues of $27m in 2015 and recorded a pre-tax loss of $7.37m.

The directors state that they anticipate future profitability of Redtube operations.
Asked about MG Billing's move to relocate the firm's function from Ireland, a spokeswoman for Mindgeek said: "As a privately held company, we do not disclose information regarding our business operations."

evidence of the pure bias google results have gotten, that money use to be spread out.

when I make my first million i´ll let you know :thumbsup

$585,000 a day can you believe it? And that was 2 years ago before they've gotten even bigger.

Paul Markham was wrong, there is money in porn :1orglaugh

#manwinning ...

Let it never be said there is no profit in piracy.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh
do you consider 500 k a day big money ?
The market is around 1 bilion potential people, and those 500 k day are like 10-30 % (???) of total online earnings in porn...Is it huge for 1 bilion of potential customers ? come on.

The company recorded revenues of $27m in 2015 and recorded a pre-tax loss of $7.37m.
^^^

They make it up on the volume :upsidedow

its an algo that rewards the sites people want and flock to, no different than the smart-thumbs script you use, or any tgp script really

nice for them :)

I 've never said there is no money in porn. Just not as much as it used to be. Was that money purely from the membership sites?

How much is it per person?

Of course there is, but when you think how much people should be able to make...

It has been estimated that in 2004, the global online adult industry was generating $20 billion, and that had fallen to $10 billion by 2011 because of free sites.

If it wasn't for the free stuff, and some other reasons, the industry should be worth around $50 billion now and heading towards $100 billion with the growth of the internet globally since 2004, increased download speeds, greater acceptance of spending online, and better high definition porn.

And it's not just that the revenue has shrunk, it's less fairly distributed. Furthermore, the individuals and groups that have been hoovering up a greater and greater share of the diminishing revenue haven't been as active as they should have in fighting piracy - in fact they are part of the problem. Nor have they spared a billion or so of their huge profits to promoting porn positivity and combatting junk science advocacy research of opponents of porn. As far as I know, the only thing the likes of Pornhub and Manwin have done in that area is cheesy 'breast cancer awareness' promotions and the like.

If you just include adult men, there is a potential market of over 3 billion worldwide for adult paysites. And we know that nearly every man wants to look at porn almost every day. If it wasn't for piracy and legal restrictions (porn being banned in China, for example), then adult should really be a trillion dollar industry.