Earnings: Playboy’s Q4 Profts Slump;

Playboy Enterprises’ Q4 earnings dipped 20 percent as its magazine business continued to lose money and earnings fell at its TV business. Net income dropped to $3.7 million versus $4.6 million in the previous year. Quarterly revenue declined 5 percent to $86.2 million from $91 million.
In online, the growth in Q4 subscription revenues was offset by the decrease in e-commerce revenues resulting from the company’s decision to outsource its Spice catalog and website.
Surprisingly no more online details, unlike what it has done in the past in earnings.

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