Playboy gets no bang from its buck in 3rd quarter

10 Nov 2010

Adult entertainment company Playboy Enterprises has announced a third quarter net loss of $27.4m (around €19.8m).

The company announced that its losses had widened more than expected due to losses from its entertainment, digital and print businesses, according to Reuters.

The adult entertainment company’s losses compare to last year’s net loss of $1.1m (around €800,000), or 3 cents a share, while revenue fell 7pc to $52.1m (around €37.7m).