PLBY Group Q3 revenue down 27% to $33.3M; net loss $16.4M, adj EBITDA $0.1M

Playboy, Inc.

2023-Q3 EPS reported -$2.65 revenue$103,586,000

Total revenue $33.3M vs $45.7M in Q3'22; licensing down 27% to $10.9M, DTC down 34%.
Honey Birdette sales fell 19% to $17.0M; days-on-sale cut 85% to protect brand, gross margin up 3pp.
Terminated certain China licensees for non-payment; received unsolicited offer for China trademarks.
Digital subscriptions up 11% to $5.2M; Playboy Club membership launch planned by end of 2023.
Cash (restricted+unrestricted) ~$22M; completed sale of Lovers business on Nov 3, 2023.

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 third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

PLBY Group, Inc. (the "Company") issued a press release announcing its financial results for the Company's third fiscal quarter ended September 30, 2023.

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Playboy, Inc. filing history →

Source: SEC EDGAR

accession 0001803914-23-000107

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