Playboy Q4 revenue $34.9M, net income $3.6M; UTG China deal $122M

Playboy, Inc.

Q4 revenue $34.9M (+4% YoY); net income $3.6M vs $12.5M loss; adjusted EBITDA $7.1M.
FY 2025 revenue $120.9M (+4%); net loss improved to $12.7M from $79.4M; adjusted EBITDA $17.0M.
UTG partnership: $122M cash including $45M purchase for 50% of China licensing; $52M debt paydown.
Honey Birdette Q4 sales +9%, gross margin 77.8%; licensing 90% contractual with $343M unrecognized future revenue.
Appointed David Miller as President, Media & Brand; Phillip Picardi as Chief Brand Officer.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Playboy, Inc. reported full year ended December 31, 2025 results: revenue $120.9 million, net income $12.7 million.

Period: full year ended December 31, 2025
Revenue: $120.9 million
Net income: $12.7 million
Result: reported results

Exact text from the filing

Full Year 2025 Financial Results Revenue increased to $120.9 million compared to $116.1 million in 2024, reflecting a year-over-year increase of $4.8 million, or 4%, primarily due to the continued strength of Playboy’s licensing business and higher Honey Birdette revenue. Operating expenses decreased to $129.0 million, as compared to $167.0 million in 2024, reflecting a year-over-year decrease of $38.0 million. The decrease was due primarily to a $22.0 million decrease in expenses related to the revamp of our digital businesses and lower non-cash asset impairment charges of $24.0 million, partly offset by higher severance of $1.8 million due to the reduction of headcount, a one-time settlement expense of $2.4 million and higher legal expenses and fees of $3.0 million due to additional litigation expenses. Net loss improved to $12.7 million, as compared to a net loss of $79.4 million in 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Playboy, Inc. reported fourth quarter ended December 31, 2025 results: revenue $34.9 million, net income $3.6 million, EPS $0.03 per share.

Period: fourth quarter ended December 31, 2025
Revenue: $34.9 million
Net income: $3.6 million
EPS: $0.03 per share
Result: reported results

Exact text from the filing

Playboy Reports Fourth Quarter and Full Year 2025 Financial Results Q4 Revenue of $34.9 Million, Net Income of $3.6 Million & Adjusted EBITDA of $7.1 Million, or $8.0 Million Excluding Litigation Expenses

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Playboy, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-018172

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