---
schema_version: "secwatch.filing_event.v1"
accession: "0001803914-23-000048"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:53:13.708832+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PLBY Q1 revenue $51.4M, net loss $37.7M; exits consumer products, focuses on creator platform

## Summary
- Q1 revenue $51.4M ($52.0M constant currency); net loss $37.7M; adjusted EBITDA loss $10.8M.
- Creator platform GMV grew 2.4x vs Q4; weekly GMV CAGR >10% since year start.
- Restructured debt to ~$210M (from ~$216M incl. preferred); saved >$3M annual interest; no fees.
- Exiting consumer products: sold Yandy; binding term sheet to outsource Playboy e-commerce.
- Exploring strategic alternatives for Lovers (Sage Group) and Honey Birdette (Moelis).

## SEC filing metadata
- accession: 0001803914-23-000048
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000180391423000048/0001803914-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000180391423000048/ply-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803914-23-000048
- JSON: https://secwatch.observer/filing/0001803914-23-000048.json
- Plain text: https://secwatch.observer/filing/0001803914-23-000048.txt

## Key facts
- Earnings Releases
  Playboy, Inc. reported first quarter ended March 31, 2023 results: revenue $51.4 million, net income $37.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $51.4 million
  - Net income: $37.7 million
  - Result: reported results
  source text: First Quarter 2023 Financial Highlights • Revenue for the first quarter of 2023 (Q1’23) was $51.4 million and, on a constant currency basis, would have been $52.0 million. • Net loss was $37.7 million and adjusted EBITDA loss was $10.8 million, which included $6.7 million of losses related to Yandy, Playboy e-commerce, inventory write-downs and the deferral of revenue related to cash collections from China given contract renegotiations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803914/000180391423000048/0001803914-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.