Earnings: Decline In Interest Expense Helps Playboy Increase 3Q Earnings

Playboy Enterprises, Inc. reported earnings of $3.2 million, or 10 cents a share, for 3Q05, compared to $1.9 million, or six cents per share, in 3Q04 even though operasting income dropped to $5.4 million, a $1.3 million decrease from the previous year. The Publishing Group contoinues to struggle, turning in a loss for the quarter. But Chairman and CEO Christie Hefner said she expects licensing and entertainment operating income to end the year up more than 25 percent, offsetting the decline in publishing.

On the new media side, during what the company says is usually its slowest online season, online subscription revenues only increased 1 percent, to $5.4 million while e-commerce revenues rose 6 percent to $3.6 million. Online is no longer broken out as a separate business.

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