Playboy Enterprises Reports Q4 EPS of $(0.43) vs. $0.01

Playboy Enterprises, Inc.

today announced a net loss for the fourth quarter ended December 31, 2010, of $14.7 million, or $0.43 per basic and diluted share, compared to a net loss of $27.8 million, or $0.83 per basic and diluted share, in the year earlier period. The fourth quarter results included a $12.5 million charge related to a legal settlement in 2010 versus a total of $28.6 million of impairment and restructuring charges in 2009. Revenues in the 2010 fourth quarter declined 9% to $55.0 million from $60.6 million in the prior year quarter. In the same time periods, the company reported segment income of $0.6 million, down from segment income of $2.1 million. Fourth quarter segment income for the Licensing Group nearly doubled compared to the 2009 quarter, although weaker performance in the media businesses and increased Corporate expense more than offset this gain.