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Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.
Ezra Shashoua, the company’s chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.
This statistic illustrates findings of a survey on the share of individuals who are current or past users of Adult Friend Finder in the United Kingdom (UK) in June 2017, by marital status.
The company went public in 2011, yet only raised less than m which the CEO attributed to investors being “prudish.” The company also endured a data hack of Adult Friend Finder in 2015, where the email addresses, usernames, dates of birth, postal codes, sexual orientation, gender, race and computer IP address of close 4m was put online via the Tor network.
Earlier this year, Lodge Net Interactive, which provided adult films and video games to hotels and their guests, filed for bankruptcy, partly due to Internet competition.
The Friend Finder case is PMGI Holdings Inc, Case No.
It also sought to tap the powers of social networking with websites such as adultfriendfinder.com, which promoted casual sex, and bigchurch.com, which aimed for spiritual connections.
The company and its affiliates comprise a global network of more than 8,000 websites with 220 million members and 750,000 subscribers, according to court documents. N and other social sites have boomed, Friend Finder’s limped.