Playboy gets no bang from its buck in 3rd quarter


10 Nov 201072 Views

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.

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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).