Playboy posts strong 3Q results
By BroadCasting & Cable Staff -- Broadcasting & Cable, 11/2/2001 6:45:00 AM
Playboy Enterprises posted strong third quarter results, aided by a rise in television revenues.
Playboy posted EBITDA (earnings before interest, taxes, depreciation and amortization) of $14.4 million, a quantum leap from $4.6 million in last year's third quarter. For the quarter, the company reported a net loss on Friday of $2.1 million, compared to a net loss of $6.5 million for the same quarter last year.
Third quarter domestic TV networks revenues increased 24% to $23.1 million, due to the company's acquisition in July of three movie networks, along with increased Playboy TV revenues.
Playboy Online reported a 19% improvement in EBITDA in the 2001 third quarter with a loss of $4.6 million, down from a $5.7 million loss at the same point last year. And revenues improved 3% to $6.8 million, based on higher subscription and international revenues. - Richard Tedesco
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