Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
EXPO 2015, August 23-26, New Orleans
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Swinger Vacations!

Eva Angelina at Twistys

April 20, 2000 10:11am
Playboy Sees Bigger Loss, Cites Web Investment
Source: Reuters

(CHICAGO, IL) -- Adult entertainment media company Playboy Enterprises Inc. (NYSE:PLA - news) said on Thursday it expects a greater loss in the first quarter compared with last year due to significantly higher investments in its online business.

The company said it expects to report an operating loss for its online business of about $5.7 million for the quarter ended March 31, compared with $2 million last year. Online revenues, however, are expected to grow to about $5.8 million from $2.2 million in the year-ago period.

According to First Call/Thomson Financial, one analyst expected a loss of 7 cents for the first quarter. Playboy reported a loss of 5 cents a share in the year-ago quarter.

A spokeswoman for Playboy declined to comment on the First Call estimate or give additional details on the company's outlook.

``The increased investments signal our desire to move quickly to take advantage of Playboy.com's many growth opportunities as we continue to prepare for the company's planned initial public offering,'' chairman and chief executive Christie Hefner said.

Playboy's Internet unit Playboy.com filed regulatory documents to take itself public in January.

Robert Routh, cable, media and entertainment analyst with Aladenburg Thalmann, said he viewed the announcement as positive news.

``I don't view it as a negative at all,'' he said adding that Playboy.com will be able to recoup all of its losses when it goes public.

Routh said the increased investment demonstrates Playboy management's commitment to strengthening its presence on the Internet and becoming a leader among male lifestyle Web sites.

Routh said he had previously pegged the company's online losses at $1.28 million, and that he would be revising his estimates.

Excluding the online unit, the company said it expects to report increased EBITDA, or earnings before interest, tax, debt and amortization, versus last year's first quarter for its other combined operations.

Shares of Playboy were off 1 3/8 at 15 1/4 on the New York Stock Exchange in morning trade.



Related Sites - WARNING! Graphic Content

RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Amia Miley Brazzers Contract

Epoch Club Special Event

Shade X from Smash

BBW Con 2015

UKAP Awards Site Live

Nikki Phoenix Radio Update

Ideal Image Supperclub Party

MWA: 06/12/15

XBIZ 2016 Announced

The Interview XXX

Starfall to Exxxotica

Mercy West Available

Library Girl at Exxxotica

Karmen Karma Top Shelf

MWA: 06/08/15

Payton Sin Claire on SDR

Angela Sommers in Houston

Prinzzess at Treasure Chest

Danica Dillon in Bath

MWA: 05/24/15

MWA: 05/22/15

Sin Claire with Foxxx

Adult's Achilles Heel

AHF's Hidden Agenda

New Smash VP Wyatt Case

Ink Inks OC, The Rub

National Porn Star Day

Pistol, Ross Talk Condoms

XXX Casting Call

Direct Reps Harper

AJ Applegate Available

Emma Marx: Boundaries ~ Reviewer Rated

Strippers Ready for Baseball

MWA: 05/04/15

RAW Signs Sasha Bradshaw

Modern Comstockery

Nikki Phoenix Appearance

More
Stories From

Business News

Mercy West Available

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

Passport to Hustler Event

Advertise on AINews

Freedom Acres Location

Nina Elle Retains Star Factory

Karen Summer Returns

She's Judas & Available

Camming Con Moves Dates

Exquisite Distributes DDF

Cherie Deville Returns

Roxanne Rae Available

Cherie Deville Available

Maryjean Available in LA

Alicia Silver Productions Content

Thomas Bagley Outed Belle Knox

Casting Call for 'Operation: Outdoors'

Mission Control Open House

Cherie Deville in LA

PASS Holiday Schedule

Santa Susana Pass Location

Sure Fuck Clothing Line

Nadia Night With Lucky Devil

Richelle Ryan Available

LATATA Responds to FSC

FSC Burdens Performers

Online Dating Summit Curacao

Tanya Tate Action Figure

Cam Studio Rental Rates

Sportsheets ILS Blitz

Fantasy Lingerie Storerotica Noms

New Networking Event

TES Early Bird Price

XBIZ Executive Awards

Baci Announces New Distributor

Sliquid Fifty Shades Collection

AINews New Look

Business News Section Index

     
Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).