You will be redirected back to your article in seconds

Playboy posts lower 3rd-qtr. net on 18% rev increase

Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled.

Revenues for the quarter rose 18% to $ 53.9 million from $ 45.6 million in the same period last year.

Net income, however, declined to $ 500,000, or 3 cents per share, compared to $ 900,000 (5 cents ), primarily reflecting the quarter’s lack of net investment income due in part to Playboy’s increased investment in entertainment programming.

Playboy reported that Entertainment Group revenues rose 66% for the third quarter to $ 12.1 million with gains in all three areas of distribution: U.S. pay television, homevideo and international.

As a result of increased programming and marketing expenses, Entertainment Group operating income for the quarter was equal to last year’s at $ 1.4 million. Playboy dropped 12 cents yesterday to close at $ 8.38.

More Biz

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

  • Harvey Weinstein Quentin Tarantino

    Quentin Tarantino on Harvey Weinstein: 'I Knew Enough to Do More Than I Did'

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

  • Harvey Weinstein

    LAPD Investigating Rape Claim Against Harvey Weinstein

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

  • Shia LaBeouf Toronto Film Festival

    Shia LaBeouf Found Guilty on Count of Obstruction in July Arrest

    Playboy Enterprises Thursday announced that operating income for the fiscal 1993 third quarter ended March 31 rose 76% to $ 1.2 million from $ 700,000, reflecting a profit increase at the company’s publishing operations. Before one-time move-related expenses of $ 300,000 in the quarter, operating income would have more than doubled. Revenues for the quarter […]

More From Our Brands

Access exclusive content