Earnings: Playboy’s Q4 Profts Slump;
By Rafat Ali - Tue 13 Feb 2007 09:56 AM PST
Playboy Enterprises’ Q4 earnings dipped 20 percent as its magazine business continued to lose money and earnings fell at its TV business. Net income dropped to $3.7 million versus $4.6 million in the previous year. Quarterly revenue declined 5 percent to $86.2 million from $91 million.
In online, the growth in Q4 subscription revenues was offset by the decrease in e-commerce revenues resulting from the company’s decision to outsource its Spice catalog and website.
Surprisingly no more online details, unlike what it has done in the past in earnings.
Posted in: Entertainment, Adult, Money, Earnings
