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Earnings

Playboy Posts Better Than Expected Results, Mobile Helps

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PaidContent has details of Playboy’s Q3 results: “Profit plunged 69 percent to $1 million, or 3 cents per share, compared with $3.2 million, or 10 cents, a year earlier. Sales rose 2 percent to $82.3 million. Analysts had expected a loss of 3 cents on revenue of $79.4 million, according to Thomson Financial. Online subscription and e-commerce revenue rose 41 percent to $12.6 million from $9 million.”
Playboy’s mobile efforts are improving, although there aren’t any hard figures in the release. “Third quarter international revenues rose 17% versus last year, reflecting improved performance of the UK networks, favorable currency exchange rates and increased royalties from mobile agreements.” The international figure is a year-on-year increase from $12.2 million to $14.3 million. The full financial results are here.

Nov 7, 2006 6:49 PM ET

Posted In: Entertainment, Adult, Money, Earnings

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