PLBY Group Q1 net loss narrows 55% to $16.4M; new China deal with $37M minimum royalties

Playboy, Inc.

2024-Q1 EPS reported -$0.23 revenue$28,319,000

Revenue $28.3M, down 20% YoY; net loss from continuing ops $16.4M vs $36.3M prior year.
Adjusted EBITDA loss improved to $2.5M from $9.7M YoY, a 74% improvement.
Signed 5-year China licensing deal with Guandong Duhan requiring ~$37M in minimum royalties.
Honey Birdette sales up 8% QoQ, gross margin 43% to 52%; company considering sale of business.
Cash and equivalents $19.0M at quarter end; new China cash expected in future periods.

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 first fiscal quarter ended March 31, 2024 results: revenue $28.3 million, net income $16.4 million.

Period: first fiscal quarter ended March 31, 2024
Revenue: $28.3 million
Net income: $16.4 million
Result: reported results

Exact text from the filing

Total revenue was $28.3 million versus $35.2 million in the prior year period

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Source: SEC EDGAR

accession 0001803914-24-000033

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