PLBY Group Q2 revenue down 27% to $35.1M; net loss $134M on $148M impairment; creator platform GMV annualized >$35M

Playboy, Inc.

2023-Q2 EPS reported -$2.42 revenue$70,304,000

Revenue from continuing ops $35.1M vs $47.9M prior year, down 26.7%.
Net loss from continuing ops $134.3M, largely driven by $148.2M non-cash goodwill and trademark impairments.
Adjusted EBITDA loss from continuing ops $1.3M; $0.4M positive excluding $1.7M wind-down costs.
Creator platform: 2.6M registered users (+37% vs April), 4,000 earning creators (+82%), weekly GMV annualized >$35M.
Licensing revenue down 35.2% to $10.3M; China licensing hit by $3.5M revenue cut due to collection challenges.

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 financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 9, 2023, PLBY Group, Inc. (the “Company”) issued a press release announcing its financial results for the Company’s second fiscal quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001803914-23-000067

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