secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001628280-25-051608
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000162828025051608/0001628280-25-051608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000162828025051608/ply-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-051608

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