Lightspeed’s Steve Jones Profiled in Wall Street Journal

GLENDALE, Ariz. — Steve Jones, who gravitated to the online adult industry at the turn of the century and then catapulted to fortune after launching Lightspeed University, was featured in the Wall Street Journal on Thursday.

The article paints Jones as a ubiquitous player in the branding of adult sites, of which he owns 30. His Glendale, Ariz., company, Lightspeed Media Corp. maintains the sites with 15 employees and has revenue of $5 million.

Jones, who adopted the trade name of Steve Lightspeed from chatroom conversations and has been an avid viewer of online adult since its beginnings, told the Journal that his company nets $1 million. He would not disclose his personal income.

Jones also told the Journal that despite his larger-than-life presence at adult trade shows — usually with a baseball jersey emblazoned with "Lightspeed" — he keeps a low profile in his private life.

"I don't have a jet," he said. "I don't have a yacht. I have a nice house. I tell everybody, 'I work for a living.' I don't drive a $100,000 car. I drive an old, beat-up minivan."

The 39-year-old married father of two launched his first subscription site, called Lightspeed University, in 1999. By 2000, the site generated enough income that Jones was able to shut down a consulting business after another stint at a software firm.

"He went quickly to the top in an industry where that doesn't happen often," attorney Lawrence G. Walters told the Journal.

Jones said his profession is an honorable one, despite the constant criticism Lightspeed Media receives from the use of younger-looking adult models. The company has long used terms such as "barely legal" and "barely 18" in its marketing.

“The problem is public perception," he said. "There's so much misconception about what we do. Everyone thinks we're all involved in every dirty piece of the business. It's really not like that."

Jones’ company is expanding its offerings, the Journal said, with a move into DVD sales.

Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Syren De Mer, Eddie Patrick Cap AEBN's Top Stars for 1st Quarter of 2026

AEBN has revealed its most popular performers in straight and gay theaters for the first quarter of 2026.

Report: Irish Regulator Seeks 'Industry Input' on AV Compliance

Irish media regulator Coimisiún na Meán (CnaM) will draw on “industry input” to help establish a framework for assessing platforms’ compliance with Ireland’s Online Safety Code and the EU’s Digital Services Act, news organization MLex reports.

'iDealgasmPlus' Launches Through PAYSITE

iDealgasmPlus.com has officially launched through PAYSITE.

Canadian Senate Approves National Age Verification Bill

Canada’s Senate on Wednesday passed bill S-209, the “Protecting Young Persons from Exposure to Pornography Act,” which would require commercial adult websites to verify that Canadian users are at least 18 years old.

Sara Jay Relaunches Site Through PAYSITE

Sara Jay has relaunched her membership site, WydeSyde, through PAYSITE.

European Commission: Age Verification App Ready For Use

The European Commission’s age verification app is now technically ready and will soon be available for EU citizens to use in order to prove their age when accessing online platforms, European Commission President Ursula von der Leyen announced Tuesday.

UK House of Commons Moves to Tone Down Porn Amendments

The House of Commons has modified amendments to the U.K.’s pending Crime and Policing Bill, including provisions regulating “step” content, content featuring adults role-playing as minors, and performers’ ability to withdraw consent.

AEBN Reveals Ariel Demure as Top Trans Star for Q1 of 2026

AEBN has named its top trans stars for the first quarter of 2026, with Ariel Demure landing atop the leaderboard.

Final IRS 'No Tax on Tips' Rule Excludes Pornography

The Internal Revenue Service on Monday published final regulations on the “No Tax on Tips” provision included in the “One Big Beautiful Bill Act,” offering new tax deductions for tip workers but excluding revenue received for “pornographic activity.”

Pennsylvania Legislature Weighs 'Porn Tax' Bill

The Pennsylvania State Senate is considering a bill that would impose a 10% tax on the revenue of adult websites doing business in that state.

Show More