earnings
confidence high
sentiment positive
materiality 0.80
Playboy Q2 revenue up 11% to $31.2M, net income $0.2M, adj EBITDA $7.0M
Playboy, Inc.
- Q2 revenue $31.2M (+11% YoY); net income $0.2M vs net loss $7.7M; adj EBITDA $7.0M (+100%, incl. $0.7M litigation).
- Honey Birdette sales +18.2% YoY, gross margin 65.1%; licensing revenue $11.2M (+2.2%), backed by >$320M unrecognized revenue.
- Agreed to repurchase 16.6M shares (≈14% outstanding) at $1.05/share, 28% discount to market; backstopped by two significant stockholders.
- Joined Russell 2000/3000 indexes; cash $37.1M; sixth consecutive quarter of positive adjusted EBITDA.