After projecting a third-quarter net loss, Playboy Enterprises posted net income of $1.1 million, or $0.03 per basic and diluted share, compared with $3.2 million ($0.10) in the third quarter of 2005.
Operating income fell 31% to $3.7 million from $5.4 million in the year-ago period.
“We just launched new movie networks, which offer consumers better programming, packaging and scheduling,” chairman and CEO Christie Hefner said in a prepared statement.
“In addition, we continue to encourage operators to offer and market Playboy TV as a subscription on-demand package, which we believe is a compelling new product,” she added. “However, because of the recent introduction of these products and the lag in reporting by our distribution partners, we do not yet have enough data to determine how well we are performing, which makes it difficult to make near-term projections.”