secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001193805-26-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Playboy Q4 2025 prelim: rev $34-35M, net income $2.5-3.5M vs loss $12.5M
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- Revenue expected $34-35M vs $33.5M in Q4 2024; licensing strength and UTG joint venture cited.
- Net income of $2.5-3.5M vs net loss of $12.5M; includes $1.2M transaction costs and $0.9M litigation costs.
- Adjusted EBITDA of $6.6-7.0M vs adjusted EBITDA loss of $0.1M; excluding litigation would be $7.5-7.9M.
- Honey Birdette subsidiary growing sales and expanding margins despite reduced promotions.
- Complete Q4 and FY 2025 results expected in March 2026; subject to year-end closing adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000119380526000176/0001193805-26-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000119380526000176/e665182_8k-playboy.htm
  HTML page:      https://secwatch.observer/filing/0001193805-26-000176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer