{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-018172","form_type":"8-K","ticker":"PLBY","cik":"0001803914","company_name":"Playboy, Inc.","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.236787+00:00","generated_at":"2026-05-15T11:53:42.926666+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Playboy Q4 revenue $34.9M, net income $3.6M; UTG China deal $122M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-018172","json":"https://secwatch.observer/filing/0001628280-26-018172.json","markdown":"https://secwatch.observer/filing/0001628280-26-018172.md","text":"https://secwatch.observer/filing/0001628280-26-018172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/0001628280-26-018172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/ply-20260316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:53:42.926666+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"37ddeab9d6380cbbd96144543ccc59c69e626e4b","claim":"Playboy, Inc. reported full year ended December 31, 2025 results: revenue $120.9 million, net income $12.7 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/0001628280-26-018172-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2025"},{"label":"Revenue","value":"$120.9 million"},{"label":"Net income","value":"$12.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"65ef8a34a2ed54dcfe48076b5b969ca4108250d4","claim":"Playboy, Inc. reported fourth quarter ended December 31, 2025 results: revenue $34.9 million, net income $3.6 million, EPS $0.03 per share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/0001628280-26-018172-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2025"},{"label":"Revenue","value":"$34.9 million"},{"label":"Net income","value":"$3.6 million"},{"label":"EPS","value":"$0.03 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}