Porn News

Playboy Takes a Smaller 1Q Loss Than Expected; Revenue of Print Division Continues to Plummet

Hey, but they’re losing a lot less.

from – Playboy’s parent company said Thursday it took a smaller first-quarter loss as restructuring costs and write-downs decreased, but revenue in its print division — especially at its iconic magazine — continued to fall.

In the first quarter, Playboy Enterprises Inc. lost $1 million, or 3 cents per share. Its revenue fell 15 percent, to $52.1 million from $61.6 million, including a 30-percent drop in print and digital revenue. U.S. revenue from Playboy magazine shrank by almost half.

The two analysts who report estimates to Thomson Reuters expected a loss of 8 cents per share and revenue of $57.2 million.

A year ago, the company lost $13.7 million, or 41 cents per share. That loss included $8.7 million, or 26 cents per share, in restructuring and write-down expenses. The first quarter of 2009 included a 21.5 percent drop in revenue.

Print and digital revenue plunged to $18.2 million in the most recent period, with domestic revenue from the magazine down 47 percent to $7.1 million, the company said. But the loss of $1.1 million in the print and digital division was far smaller than the $3.6 million it lost a year ago.

TV revenue slipped to $24 million from $26.2 million, and licensing revenue rose to $9.9 million from $9.3 million.

CEO Scott Flanders said the company is getting its costs under control.

“Our goal is to transition Playboy to a brand management company, and our first priority is to outsource, partner or license those of our operations that can be more efficiently handled by other companies,” he said.

The broader markets traded sharply lower Thursday afternoon over concerns about the economic crisis in Greece. Playboy shares lost 13 cents, or 3.1 percent, to $4.12.


Related Posts

Democratic Senator Dick Durbin Holds Press Conference With Anti-Porn Crusading Group NCOSE

WASHINGTON — Democratic U.S. Senator for Illinois Dick Durbin participated in a joint press conference Wednesday with the CEO of crusading anti-porn crusading group NCOSE (formerly Morality in Media).The press conference was organized by Republican Sen. Lindsey Graham to marshall support…

VMG Celebrates 10th Anniv. of Blacked With Scene, Gear Rollout

Vixen Media Group is celebrating the milestone 10th anniversary of its original brand Blacked with a string of high-profile releases under the banner and the introduction of a new collection of items in its Blacked apparel line.

U of Wisconsin Professor Pens Essay About Crusade to Get Him Fired for Creating Adult Content

LA CROSSE, Wis. — The veteran University of Wisconsin academic who was removed from his post as chancellor last year because he had made adult content, penned a piece for The Chronicle of Higher Education detailing his ordeal and ongoing attempts…

All-Star Lineup Assembled for Girlfriends Films’ ‘Lesbian Sex 27’

Lesbian adult studio Girlfriends Films has released the 27th volume of its acclaimed unscripted series "Lesbian Sex."

Nade Nasty Guests on ‘Get Schooled’ Podcast

May 21, 2024 4:39 PM PDTLAS VEGAS — Nade Nasty is the latest guest on the “Get Schooled” podcast, hosted by Marcela Alonso. During the episode, Nasty discusses the challenges of the industry, the difference between on-camera and off-camera sex and self-promotion,…

Leave a Reply

Your email address will not be published.