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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.
Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.
Being a site that openly focuses on sexual and mature content, Adult Friend Finder became the social networking site for adult couples and individuals.
The site is heavily populated with adult men who are looking for women or couples who are down for hookups.
Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.
Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
It can be through a video, photo, blog, or live stream.
Read on our review below to know more about the website’s features, members, prices, and more!
Adult Friend Finder has a quick registration process that can usually be done in under five minutes.
The site also allows you to choose a unique username of your choice.
This will be your primary identifier on Adult Friend Finder as your name won't be displayed unless you decided to use it as your username.