secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001628280-26-018172
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/0001628280-26-018172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026018172/ply-20260316.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-018172

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