---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-051608"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:24:09.104985+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Playboy posts Q3 net income of $0.5M, first since IPO; adjusted EBITDA $4.1M, licensing +61%

## Summary
- Net income of $0.5M ($0.00 EPS) vs net loss of $33.8M in Q3 2024; first net income quarter since going public.
- Revenue $29.0M, down 1% from $29.4M; adjusted up 4.2% ex one-timers; licensing revenue up 61% to $12.0M.
- Adjusted EBITDA $4.1M (incl $2.5M litigation costs; without would be $6.6M) vs -$0.6M prior year.
- Amended debt facility extends maturity to May 2028; cash on hand $32M.
- Signed 6 new licensing deals in Q3 (14 YTD); restructured China partnership; pursuing $81M arbitration award.

## SEC filing metadata
- accession: 0001628280-25-051608
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000162828025051608/0001628280-25-051608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000162828025051608/ply-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-051608
- JSON: https://secwatch.observer/filing/0001628280-25-051608.json
- Plain text: https://secwatch.observer/filing/0001628280-25-051608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.