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29th August 2017
07:49am BST
MG Billing Ireland Ltd, a Dublin-based firm that collects premium subscriptions from users of a global porn site empire has raked in an impressive amount of revenue.
The Irish Independent reports that the firm's sites include Pornhub, YouPorn, Redtube, and tube8 as some of its porn sites and accumulated a total of €356.79m over two years.
MG Billing Ireland Ltd is a subsidiary of Canadian firm Mindgeek, and has been recorded as having average revenues of $585,000 each day in 2014 and 2015.
The firm was set up in Ireland in 2013 as part of a Mindgeek relocation, however it has relocated its operations from Ireland in February of this year.
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