Traffic Brokers

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Tuesday, May 15, 2012

FFN stock continues going down

FFN stock (Adult Friend Finder, Penthouse, etc), is on the brink of falling below $1 a share after Q1 results showing increasing losses:

FriendFinder Networks Inc. (FFN) reported a first-quarter net loss of $21.5 million or $0.68 per share, wider than the net loss of $3.7 million or $0.27 per share in the same period last year. Loss from continuing operations for the quarter was $13.4 million or $0.43 per share, compared to $3.7 million or $0.27 per share a year ago. Total net revenues for the quarter declined to $81.1 million from $83.5 million in the year-ago quarter. The decline was due to a decrease in overall traffic and challenges in Europe which offset the impact of new subscriber growth.