secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001803914-23-000107
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000180391423000107/0001803914-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000180391423000107/ply-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001803914-23-000107

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