Quote:
Originally posted by Amputate Your Head
got a link?
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can't find it.. but it was something like this - although this looks a little old. basically saying profits are up since adult.com started pushing playboy - the start of 2003.. thats what i took from it anyways.. i'll post it if i can find it.. it was in november i think.
http://news.bbc.co.uk/1/hi/business/2783337.stm
Online viewers boost Playboy income
Adult entertainment company Playboy Enterprises has cut its losses thanks to the increased popularity of its website.
Online revenues, which almost doubled, and licensing sales offset falls in the Chicago-based company's entertainment and publishing divisions.
For 2003, Playboy said it expected online operations to report a profit, while publishing profits would be flat, and television operations lose money.
The website made a loss of $284,000 in the last three months of the financial year, compared with a $5.1m loss in the same period last year, but revenue growth was strong.
Excluding a $6.6m in one-off charges in the quarter, Playboy reported an operating profit of $83,000 for the quarter, compared with a loss of $5.1m a year earlier.
For 2003, Playboy said it expected to see operating profits nearly double over 2002.