New Frontier Media Posts Higher Net Income
New Frontier Media's earnings during the quarter that ended on Dec. 31, show that its s business appears to be “stabilizing,” CEO Michael Weiner said Tuesday in a statement.
“We believe the company’s strategic execution and ability to leverage its technological infrastructure with new and upcoming platforms will provide steady long-term growth,” Weiner said.
For the quarter, New Frontier recorded $1.5 million net income on revenue of $11.5 million. During the comparable year-ago period, New Frontier had a $8.9 million loss on revenue of $12.6 million.
“These results include approximately $0.9 million of international revenue within our core Transactional TV segment,” Weiner said. “We have continued to gain distribution space with many of our core customers throughout the economic downturn, and we believe there may be signs of stabilization within the domestic business.”
New Frontier Media delivers nine full-time transactional adult-themed pay-per-view networks to cable and satellite operators across the U.S. It also owns a number of adult websites and an affiliate program.